Crown Purchase of Toll New Zealand Rail and Ferry BusinessInformation Release
Page updated 19 Dec 2008
The Treasury has been asked by the Minister of Finance’s office to place on this website documents relating to the Crown’s purchase of Toll New Zealand’s rail business (now renamed KiwiRail) on 1 July 2008.
As the Treasury was not directly involved in this transaction, many of the documents originate from elsewhere, especially from the Minister of Finance's office and ONTRACK which owns and manages New Zealand’s rail network on behalf of the government.
The documents listed here cover two phases: the ultimately unsuccessful discussions over a revised National Rail Access Agreement between the Treasury and Toll from late 2006 to mid 2007; and the acquisition process, led initially by ONTRACK, starting from around late August 2007 and completed on 1 July 2008.
Some of the content of these documents has been deleted where this is considered necessary to protect the privacy of natural persons or where the information is commercially sensitive.
There are 65 documents in this information release, listed in chronological date order with the oldest document at the top. Documents are available in Adobe PDF format only. Using PDF Files
| Doc. Date | Created By | Title | Download |
|---|---|---|---|
| 4 Dec 2006 | The Treasury | Email: Rail: Ownership Issues and Paper: Rail Ownership Issues Released 15 September 2008 |
rp-tsy-em-4dec06.pdf (31 KB) |
| 15 Dec 2006 | The Treasury | Email: Briefing Note for Rail Meeting with MoF and Paper: Rail: Where We’re At; Possible Paths Forward Released 15 September 2008 |
rp-tsy-em-15dec06.pdf (31 KB) |
| 16 Mar 2007 | The Treasury | Email: Rail: Paper on Revised Track Access Agreement with Toll and Paper: [Untitled] Released 15 September 2008 |
rp-tsy-em-16mar07.pdf (55 KB) |
| 23 Mar 2007 | The Treasury | Email: Summary of Where Treasury and Ontrack Got to with Toll and Paper: Summary of Proposal as Agreed between Officials and Toll for Cullen/Rowsthorn Meeting Released 15 September 2008 |
rp-tsy-em-23mar07.pdf (25 KB) |
| 29 Mar 2007 | Office of the Minister of Finance | Email: Toll Debrief [Regarding Track Access and Options for Split of Responsibilities between Toll and the Crown] Released 15 September 2008 |
rp-mof-em-29mar07.pdf (64 KB) |
| 10 Apr 2007 | The Treasury | Email: Outline of Franchise Agreement and Paper: [Untitled] Released 15 September 2008 |
rp-tsy-em-10apr07.pdf (25 KB) |
| 17 Apr 2007 | The Treasury | Email: Note Summarising Rail Concession and Paper: [Untitled] Released 15 September 2008 |
rp-tsy-em-17apr07.pdf (37 KB) |
| 24 Apr 2007 | The Treasury | Email: Summary of Prospective Crown/Toll Transaction and Paper: The Prospective Agreement with Toll: What it Would and Would Not Deliver; Risks and Opportunities Released 15 September 2008 |
rp-tsy-em-24apr07.pdf (32 KB) |
| 11 May 2007 | The Treasury | Email: Potential Agreement with Toll: Structural Issues and Paper: Potential Agreement with Toll: Structural Issues Released 15 September 2008 |
rp-tsy-em-11may07.pdf (56 KB) |
| 6 Jun 2007 | Office of the Minister of Finance | Email: Wellington Rail and Letter to Sue Kedgley, MP: Wellington Area Rail Project Funding Released 15 September 2008 |
rp-mof-em-6jun07v2.pdf (123 KB) |
| 7 Jun 2007 | The Treasury | Email: Final TAC Determination and Document: Determination of Track Access Charge Released 15 September 2008 |
rp-tsy-em-7jun07.pdf (897 KB) |
| 30 Jul 2007 | The Treasury | Email and Ontrack Draft Letter: The Future of Rail & Toll-Crown Negotiations Released 15 September 2008 |
rp-tsy-em-30jul07.pdf (20 KB) |
| 10 Aug 2007 | The Treasury | Email: Rail: Advancing an Outcome and Paper: Rail: Advancing an Outcome Released 15 September 2008 |
rp-tsy-em-10aug07.pdf (28 KB) |
| 24 Aug 2007 | The Treasury | Email: Two Notes on Rail and Paper: Notes/Comments on ONTRACK’s Paper "Tomorrow’s Rail Freight Network" and Paper: Rail Freight Options Released 15 September 2008 |
rp-tsy-em-24aug07.pdf (54 KB) |
| 27 Aug 2007 | Office of the Minister of Finance | Email: Two Notes on Rail with Two Attached Papers from the Treasury on ONTRACK’s Paper "Tomorrow’s Rail Freight Network" and on Rail Freight Options Released 15 September 2008 |
rp-mof-em-27aug07.pdf (715 KB) |
| 30 Aug 2007 | The Treasury | Email: Rail Paper for Monday and Memorandum for Cabinet: Rail: Toll New Zealand Released 15 September 2008 |
rp-tsy-em-30aug07.pdf (24 KB) |
| 5 Sep 2007 | The Treasury | Treasury Report T2007/1710: Rail and Toll NZ Released 15 September 2008 |
rp-t2007-1710.pdf (44 KB) |
| 5 Sep 2007 | The Treasury | Treasury Report T2007/1712: Rail Project Leadership Released 15 September 2008 |
rp-t2007-1712.pdf (35 KB) |
| 29 Oct 2007 | The Treasury | Email: Chronology and Paper: Chronology of Interactions with Toll NZ - 2003 to 2007 Released 15 September 2008 |
rp-tsy-em-29oct07.pdf (27 KB) |
| 1 Nov 2007 | Office of the Minister of Finance | Letter to Toll New Zealand Released 15 September 2008 |
rp-mof-toll-1nov07.pdf (38 KB) |
| 12 Nov 2007 | ONTRACK | Letter to Toll New Zealand [Untitled] Released 15 September 2008 |
rp-ont-toll-12nov07.pdf (87 KB) |
| 13 Nov 2007 | Toll New Zealand | Letter to ONTRACK [Untitled] Released 15 September 2008 |
rp-toll-ont-13nov07.pdf (103 KB) |
| 13 Nov 2007 | The Treasury | Treasury Report T2007/1996: ONTRACK Mandate Released 15 September 2008 |
rp-t2007-1996.pdf (1.1 MB) |
| 14 Nov 2007 | ONTRACK | Briefing Note: Meeting with Toll 14/11/07 Released 15 September 2008 |
rp-ont-14nov07.pdf (45 KB) |
| 14 Nov 2007 | Toll New Zealand | Letter to ONTRACK [Untitled] and Attached [Whiteboard Notes] Released 15 September 2008 |
rp-toll-ont-14nov07.pdf (86 KB) |
| 15 Nov 2007 | Office of the Minister of Finance | Letter to Chairman, ONTRACK [Untitled] Released 15 September 2008 |
rp-mof-toll-15nov07.pdf (98 KB) |
| 4 Dec 2007 | ONTRACK | Letter to the Minister of Finance: Re: Toll New Zealand and Attached Discussion Notes: Toll New Zealand Released 15 September 2008 |
rp-ont-mof-4dec07.pdf (1.1 MB) |
| 6 Dec 2007 | Office of the Minister of Finance | Letter to Chairman, ONTRACK [Untitled] Released 15 September 2008 |
rp-mof-toll-6dec07.pdf (44 KB) |
| 10 Dec 2007 | ONTRACK | Letter to Directors, Toll Group: Non-binding Offer for Toll NZ of between $300m and $350m Released 15 September 2008 |
rp-ont-tollgp-10dec07.pdf (179 KB) |
| 10 Dec 2007 | Office of the Minister of Finance | Email: Attached Image Data with Attached Letter from Hon Dr Michael Cullen to Cam Moore (ONTRACK Chairman) [Regarding Expectations for ONTRACK to Progress Discussions with Toll over a Purchase, Including an Indicative Offer] Released 15 September 2008 |
rp-mof-em-10dec07.pdf (124 KB) |
| 14 Dec 2007 | Toll New Zealand | Letter to ONTRACK: RE: Response to Letter of 10 December 2007 to the Directors of Toll NZ Released 15 September 2008 |
rp-toll-ont-14dec07.pdf (178 KB) |
| 17 Dec 2007 | ONTRACK | Letter to Toll New Zealand: Your Letter of 14 December 2007 Released 15 September 2008 |
rp-ont-toll-17dec07.pdf (118 KB) |
| 18 Dec 2007 | Toll New Zealand | Letter to ONTRACK: Re: Your Letter of 17 December 2007 Released 15 September 2008 |
rp-toll-ont-18dec07.pdf (79 KB) |
| 18 Dec 2007 | ONTRACK | Email to Toll New Zealand: CONFIDENTIAL Released 15 September 2008 |
rp-ont-toll-18dec07.pdf (40 KB) |
| 20 Dec 2007 | Toll New Zealand | Letter to ONTRACK [Untitled] Released 15 September 2008 |
rp-toll-ont-20dec07.pdf (75 KB) |
| 21 Dec 2007 | ONTRACK | Letter to Toll New Zealand [Untitled] Released 15 September 2008 |
rp-ont-toll-21dec07.pdf (139 KB) |
| 17 Jan 2008 | ONTRACK | Briefing Note: Discussions with Toll Released 15 September 2008 |
rp-ont-17jan08.pdf (107 KB) |
| 18 Jan 2008 | ONTRACK | Email to Russell McVeigh: FW: Yesterday's Meeting Released 15 September 2008 |
rp-ont-rm-18jan08.pdf (34 KB) |
| 22 Jan 2008 | ONTRACK | Letter to Toll New Zealand [Untitled] Released 15 September 2008 |
rp-ont-toll-22jan08.pdf (98 KB) |
| 23 Jan 2008 | ONTRACK | Email to Russell McVeigh and PricewaterhouseCoopers: FW: Tranzlink Summary and Land Release Schedule and Attached Papers Released 15 September 2008 |
rp-ont-rm-pwc-23jan08.pdf (79 KB) |
| 4 Feb 2008 | ONTRACK | Letter to Toll New Zealand: Revised Indicative Offer Released 15 September 2008 |
rp-ont-toll-4feb08.pdf (86 KB) |
| 4 Feb 2008 | Office of the Minister of Finance | Email: Attached Image Data with Attached Letter from Hon Dr Michael Cullen to Cam Moore (ONTRACK Chairman) [Regarding Expectations for ONTRACK to Progress Discussions with Toll over a Purchase, Including an Indicative Offer] Released 15 September 2008 |
rp-mof-em-4feb08.pdf (91 KB) |
| 8 Feb 2008 | Toll New Zealand | Letter to ONTRACK [Untitled] Released 15 September 2008 |
rp-toll-ont-8feb08.pdf (121 KB) |
| 14 Feb 2008 | ONTRACK | Letter to Toll New Zealand [Untitled] Released 15 September 2008 |
rp-ont-toll-14feb08.pdf (31 KB) |
| 14 Feb 2008 | Toll New Zealand | Letter to ONTRACK [Untitled] Released 15 September 2008 |
rp-toll-ont-14feb08.pdf (87 KB) |
| 15 Feb 2008 | Toll New Zealand | Letter to ONTRACK [Untitled] Released 15 September 2008 |
rp-toll-ont-15feb08.pdf (91 KB) |
| 15 Feb 2008 | ONTRACK | Letter to Toll New Zealand [Untitled] Released 15 September 2008 |
rp-ont-toll-15feb08.pdf (46 KB) |
| 21 Feb 2008 | ONTRACK | Letter to the Minister of Finance [Update on Discussions with Toll Regarding Acquisition of Toll's New Zealand Business] Released 15 September 2008 |
rp-ont-mof-21feb08.pdf (351 KB) |
| 6 Mar 2008 | Office of the Minister of Finance | Email: Toll [Regarding Negotiations for a Purchase of Toll New Zealand’s Rail and Ferry Business] Released 15 September 2008 |
rp-mof-em-6mar08.pdf (30 KB) |
| 6 Mar 2008 | Office of the Minister of Finance | [Unissued - Draft] Media Statement: Government to Toll: Meet Full Terms of Access Agreement and Questions and Answers Released 15 September 2008 |
rp-mof-ms-6mar08.pdf (30 KB) |
| 12 Mar 2008 | Office of the Minister of Finance | Letter to Toll Holdings [Untitled] Released 15 September 2008 |
rp-mof-toll-12mar08.pdf (189 KB) |
| 12 Mar 2008 | Office of the Minister of Finance | Email: Letter with Attached Letter from Hon Dr Michael Cullen to Paul Little [Regarding the Government’s Interest in Purchasing Toll’s Rail and Related Business in New Zealand] Released 15 September 2008 |
rp-mof-em-12mar08.pdf (189 KB) |
| 2 Apr 2008 | Russell McVeagh | Email to Toll and Simpson Grierson: Action List Released 15 September 2008 |
rp-rm-toll-sg-2apr08.pdf (38 KB) |
| 3 Apr 2008 | Office of the Minister of Finance | Email: 1 April 2008 The Rail Business and Attached Paper: The Rail Business Released 15 September 2008 |
rp-mof-em-3apr08.pdf (285 KB) |
| 4 Apr 2008 | PricewaterhouseCoopers | Email to Toll: Requested Mark Up and Attached Paper: 1 April 2008 The Rail Business Released 15 September 2008 |
rp-pwc-toll-4apr08.pdf (283 KB) |
| 8 Apr 2008 | Office of the Minister of Finance | Email: Attached Image Data with Attached Document Signed by Hon Dr Michael Cullen [Regarding Negotiations for a Purchase of Toll New Zealand’s Rail and Ferry Business] Released 15 September 2008 |
rp-mof-em-8apr08b.pdf (90 KB) |
| 8 Apr 2008 | Office of the Minister of Finance | Email: DRAFT Note for Chris Mack re Toll 7Apr08 imars-1797767 with Attached Draft Note from Hon Dr Michael Cullen [Regarding Negotiations for a Purchase of Toll New Zealand’s Rail and Ferry Business] Released 15 September 2008 |
rp-mof-em-8apr08a.pdf (193 KB) |
| 9 Apr 2008 | PricewaterhouseCoopers | Email: Meeting 3:00pm Today and Attached Note from Minister of Finance to Chris Mackenzie Released 15 September 2008 |
rp-pwc-var-9apr08.pdf (85 KB) |
| 9 Apr 2008 | Office of the Minister of Finance | Email: TOLL NZ [Regarding Negotiations for a Purchase of Toll New Zealand’s Rail and Ferry Business] Released 15 September 2008 |
rp-mof-em-9apr08.pdf (38 KB) |
| 11 Apr 2008 | Office of the Minister of Finance | Email: Draft Summary of Position Document [Regarding a Settlement Date for the Purchase of Toll New Zealand’s Rail and Ferry Business] Released 15 September 2008 |
rp-mof-em-11apr08-b.pdf (117 KB) |
| 11 Apr 2008 | Office of the Minister of Finance | Email: Draft Summary of Position Document [Regarding Negotiations for a Purchase of Toll New Zealand’s Rail and Ferry Business] Released 15 September 2008 |
rp-mof-em-11apr08-a.pdf (130 KB) |
| 15 Apr 2008 | Office of the Minister of Finance | Email: Merlin [Regarding Negotiations over Relocation and Use of Terminals by Toll] Released 15 September 2008 |
rp-mof-em-15apr08.pdf (117 KB) |
| 16 Apr 2008 | Office of the Minister of Finance | Email: Toll [Regarding Negotiations for a Purchase of Toll New Zealand’s Rail and Ferry Business] Released 15 September 2008 |
rp-mof-em-16apr08.pdf (37 KB) |
| 18 Apr 2008 | Office of the Minister of Finance | Email: Meeting with Toll [Regarding Movement on Price for Toll New Zealand’s Rail and Ferry Business] Released 15 September 2008 |
rp-mof-em-18apr08.pdf (43 KB) |
| 9 Sep 2008 | Russell McVeagh | Note: Process for Agreeing the Purchase Price for the Toll Businesses Released 15 September 2008 |
rp-rm-ont-9sep08.pdf (51 KB) |
Contact for Enquiries
Jason Knauf | Office of the Hon Dr Michael Cullen
Tel: +64 4 471 9869
OR
Christopher Ritchie | Office of the Hon Dr Michael Cullen
Tel: +64 4 471 9412
Tel: +64 4 471 9869
OR
Christopher Ritchie | Office of the Hon Dr Michael Cullen
Tel: +64 4 471 9412
