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Storms, earthquakes and Pike River cost KiwiRail $43m in earnings


The goal of financial "sustainability" was a rider on a $750 million, three-year government investment in 2010.

David Williams
Fri, 30 Aug 2013
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

KiwiRail will miss its lofty goal of breaking even by 2020, the state-owned enterprise’s own financial forecasts show.

However, chief executive Jim Quinn remains hopeful of an earlier profit and its accounts show if it had not been battered by storms, earthquakes and other events outside its

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David Williams
Fri, 30 Aug 2013
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

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Storms, earthquakes and Pike River cost KiwiRail $43m in earnings
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