Port Otago Group’s half-year result increases by 40%
NewsTotal bulk cargo volumes of 861,000 tonnes were down 6% for the six months, due to log volumes being 7% lower at 504,000 tonnes.
NZ rail renationalised
The New Zealand government has reached a deal with Toll Holdings to acquire its rail and ferry assets for NZ$665M. The Government already took back control of the rail network in 2003 so this latest move brings the rail system back to full state control. The deal has been generally well received in NZ, although some analysts and critics have said the Government paid too much and the exact amount of Toll’s rail-related debt it has taken on has yet to be clarified. Toll is keeping Tranz Link, the
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