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Government Rail Asset Sales, And Return To The Public Sector, In New Zealand And Tasmania, Philip G. Laird
Government Rail Asset Sales, And Return To The Public Sector, In New Zealand And Tasmania, Philip G. Laird
Dr Philip Laird
The paper outlines the sale, with a track lease, in 1993 of the state owned New Zealand Railways Corporation to a consortium, TranzRail Holdings formed by the United States and New Zealand interests. It also notes increases in productivity and traffic levels to 1999 with subsequent problems leading to the New Zealand Government agreeing in 2003 to repurchase and rehabilitate the track. The paper then outlines transfer of effective ownership of the trains and related services in 2003 to an Australian company, and in 2008 back to the New Zealand Government at appreciable net cost.After a brief outline of railways …