The New Zealand Railways Corporation (NZRC) is a statutory corporation that owns around 18,000 hectares of railway land. It was established to support KiwiRail by providing a long term lease of its railway land such that KiwiRail can obtain the commercial benefit of the land and support the Crown’s investment in rail operations as a whole. NZRC is not a trading entity and is not expected to make an operating surplus or provide dividends. Nor is it expected to run the rail business. All of its administration expenses are charged back to KiwiRail who reimburse NZRC under a management agreement.
Key Company Information
|Entity Form||State-owned enterprise|
|Trading As||KiwiRail Network (ONTRACK), KiwiRail Mechanical, KiwiRail Freight, the Interislander, TranzScenic and TranzMetro|
|Primary Legislation||New Zealand Railways Corporation Act 1981;
State-Owned Enterprises Act 1986