NZ Railways owns around 18,000 hectares of railway land that it provides to KiwiRail through a long-term lease. It was established to enable KiwiRail to obtain the commercial benefit of railway land and to support the Crown’s investment in rail operations as a whole. NZ Railways is not a trading entity and is not expected to make an operating surplus or to provide dividends. KiwiRail provides administrative services for NZ Railways.
Key Company Information
|Entity Form||State-owned enterprise|
|Primary Legislation||New Zealand Railways Corporation Act 1981;
State-Owned Enterprises Act 1986