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KiwiRail will receive $250 million of capital in 2012/13 for its Turnaround Plan to help the rail freight business become sustainable, Transport Minister Gerry Brownlee says.
The Budget 2012 appropriation is the final round of a three-year $750 million Government funding package supporting the objectives of KiwiRail’s Turnaround Plan.
“The plan is designed to help the rail freight business become sustainable by 2020 so it can fund its business solely from customer revenue.
- Gerry Brownlee
- Budget 2012
- Transport