Private and government ownership: Toll and ONTRACK (2004-2008) Rail transport in New Zealand

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in 2003 share price of tranz rail dropped record low on new zealand sharemarket result of poor financial state , credit downgrading. government considered various schemes bailing out in return regaining control of rail infrastructure. cited reasons included level playing field freight movements on road , rail, , ensuring access tracks interested parties.


toll holdings of australia made successful takeover bid tranz rail, subject agreement sell infrastructure government $1. transaction took place in july 2004, , tranz rail renamed toll nz. government committed $200 million of taxpayer funding on deferred maintenance , capital improvements via new subsidiary of new zealand railways corporation, ontrack. ontrack negotiate rail access fees toll nz, these negotiations fell arbitration @ start of 2008.








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