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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

Investment from the $5.5 billion Canterbury Earthquake Recovery Fund is on track, with thousands of people benefiting, Canterbury Earthquake Recovery Minister Gerry Brownlee says.

  • Gerry Brownlee
  • Budget 2012
  • Canterbury Earthquake Recovery

The recovery of Canterbury is on track and is starting to hit its stride, Canterbury Earthquake Recovery Minister Gerry Brownlee says.

In a pre-Budget announcement with Prime Minister John Key in Christchurch today, Mr Brownlee said the Government will have spent $2.45 billion of the $5.5 billion Canterbury Earthquake Recovery Fund by 30 June this year on important rebuild and recovery initiatives in the wider region.

  • Gerry Brownlee
  • Canterbury Earthquake Recovery
  • Budget 2012