New Zealand Railways Corporation
New Zealand Railways Corporation (NZRC) is the state-owned enterprise that owns the land beneath KiwiRail's railway network on behalf of the Crown. The Corporation has existed under a number of guises since 1982, when the old New Zealand Railways Department was corporatised followed by deregulation of the land transport sector. In 1986, the Corporation became a State-owned enterprise, required to make a profit. Huge job losses and cut backs ensued, and the rail network, rail operations and ferry service of the Corporation were transferred to New Zealand Rail Limited in 1990. The Corporation retained ownership of the land beneath the railway network, and charged a nominal rental to New Zealand Rail, which was privatised in 1993, and renamed Tranz Rail in 1995. In 2004, following a deal with
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New Zealand Railways Corporation
New Zealand Railways Corporation (NZRC) is the state-owned enterprise that owns the land beneath KiwiRail's railway network on behalf of the Crown. The Corporation has existed under a number of guises since 1982, when the old New Zealand Railways Department was corporatised followed by deregulation of the land transport sector. In 1986, the Corporation became a State-owned enterprise, required to make a profit. Huge job losses and cut backs ensued, and the rail network, rail operations and ferry service of the Corporation were transferred to New Zealand Rail Limited in 1990. The Corporation retained ownership of the land beneath the railway network, and charged a nominal rental to New Zealand Rail, which was privatised in 1993, and renamed Tranz Rail in 1995. In 2004, following a deal with
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Die New Zealand Railways Corpo ...... w Zealand Railways Department.
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New Zealand Railways Corporati ...... e again became the land owner.
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founding date
1982-04-01
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11,536,522
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680,781,292
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Land ownership
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New Zealand rail infrastructure owner and maintainer
New Zealand rail owner and operator
New Zealand rail service owner and operator
New Zealand railway land owner
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Die New Zealand Railways Corpo ...... w Zealand Railways Department.
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New Zealand Railways Corporati ...... In 2004, following a deal with
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New Zealand Railways Corporation
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New Zealand Railways
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New Zealand Railways Corporation
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