Lease on Napier to Gisborne Rail line offer
to HBRC
Kiwirail has agreed to lease the mothballed Napier
to Gisborne Rail line to Hawke’s Bay Regional Council,
subject to a number of conditions.
The line was mothballed
in December 2012, after storms earlier in the year caused
severe damage, which is expected to cost close to $4 million
to repair.
The next step is for HBRC to consider
KiwiRail’s offer to see if it makes sense as an
investment.
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