State-owned enterprise

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
Established 1987
Head Office Wellington
Primary Legislation New Zealand Railways Corporation Act 1981;
State-Owned Enterprises Act 1986

Board of Directors

Person Role Term
Mr Brian Corban, CNZM QSO FNZIM Chair 1 Oct 2008 - 30 Jun 2021
Ms Nicola Greer Director 15 Jul 2019 - 30 Apr 2022

Key documents

Strategic issues letter