Corporatised ownership (1982-1993) Rail transport in New Zealand

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in 1982, railways department corporatised new entity @ same time land transport deregulated. railways department became new zealand railways corporation. corporation embarked on major restructuring, laying off thousands of staff , cutting unprofitable services. after 1983 land transport deregulation there substantial rationalisation of freight facilities; many stations , smaller yards closed , freight train services sped up, increased in length , made heavier, removal of guard s vans in 1987 , gradual elimination of older rolling stock, particularly four-wheeled wagons.


in 1987 railways corporation became state-owned enterprise, required make profit. in 1990, core rail operations of corporation transferred new zealand rail limited, state owned enterprise, corporation retaining non-core assets gradually disposed of, apart significant land portfolio (due treaty of waitangi claims) continued manage. new zealand rail limited privatised in 1993.








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