SOE stories
Rail’s economic case is growing, but deferred upgrades and an ageing workforce threaten reliable services and future freight gains.
Budget 2022 will fund ageing locomotives and tracks, but critics say it largely brings New Zealand rail up to where it should already be.
KiwiRail’s financial turnaround will now be led by a familiar hand as Peter Reidy returns after nearly four years at Fletcher Construction.
Long-term upgrades to tracks, trains and ferries could finally be unlocked as the government shifts rail funding away from annual budget battles.
A 39% jump in half-year operating surplus shows freight and passenger demand held up, even as earthquake and weather disruptions hit services.
New Zealand could face higher rail costs and more breakdowns after KiwiRail was warned diesel replacements may be pricier and less reliable than electrics.
Kordia Group has boosted after-tax profit 46 per cent to $10.7m ($7.3m in FY12) for continued operations in the 12 months to 30 June 2013.
Named Optikor, the cable is planned to land in Waiuku, north of<br />Auckland and is expected to cost around $200 million.
VendorPanel teams up with ThingsAt to enhance IT asset management and compliance, freeing up its tech team for core tasks. The partnership promises better device performance and security.
Tech talent shortage and impending recession increase pressure on businesses. ThingsAt offers device management as a service for cost savings and efficiency.
