Background Information - Crown Deal with Toll HoldingsInformation Release
Page updated 7 Jul 2003
On 7 July 2003 the Government announced that it had negotiated a deal with Toll Holdings under which the Crown would regain ownership of the track for $1 and both parties would commit to rebuilding the rail network should Toll succeed in its bid for Tranz Rail.
The Treasury has released background information relating to the deal which includes a summary of the Heads of Agreement between the Government and Tranz Rail.
Read the Minister of Finance, Hon Dr Michael Cullen's media statement on the Beehive website: Govt-Toll reach accommodation on Tranz Rail (7 July 2003).
Documents, apart from the Summary, are available in Adobe PDF format only. HTML versions can be supplied on request by Information Services at the Treasury.
Using PDF Files
| Doc. Date | Title | Download |
|---|---|---|
| 7 Jul 2003 | Summary of the Heads of Agreement between the Government and Tranz Rail | |
| Jul 2003 | An agreement by the Crown and Toll to enter into a Heads of Agreement if Toll is successful in its bid for Tranz Rail Released 7 July 2003 |
toll-agreement.pdf (27 KB) |
| Jul 2003 | The Heads of Agreement with Tranz Rail to take effect once Toll has been successful. Released 7 July 2003 |
hoa-tranzrail.pdf (164 KB) |
Contact for General Enquiries
Information Services | The Treasury Tel: +64 4 472 2733Email: information@treasury.govt.nz
