Back to top anchor
Information release

Crown Purchase of Toll New Zealand Rail and Ferry BusinessInformation Release

Issue date: 
Friday, 19 December 2008
Status: 
Current
Corporate author: 

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
Last updated: 
Thursday, 18 December 2008