Skip to content.
Updated at 1:45 pm on 1 November 2011
KiwiRail says there are no plans to sell off land or any part of its rail business if a planned split goes ahead.
The state-owned enterprise is proposing the change should happen in July next year.
One entity would hold all land in the rail corridor, which is valued at about $5 billion. The other, likely to be called KiwiRail, would be responsible for about $1 billion worth of assets and day-to-day rail operations.
The company says the land does not generate a profit at the moment and distorts its balance sheet.
Chief executive Jim Quinn says the split is about good business and not about selling off anything.
The Government has to sign off the proposal before any split can occur.
Copyright © 2011, Radio New Zealand
Audio is categorised based on the frequency of the programme it was heard in. Click on the headings below to access the programmes. For the most recently published audio, go to the latest audio page.
Streams are in Windows Media format. Mac and Linux users may need to install additional software. Get help with audio
A selection of music interviews, reviews, videos, concerts, sessions, and performances.
Downloads and podcasts are available for selected programmes. Our podcast page has a complete list of feeds.
Help on using online audio: formats, software, podcasts, downloading, and troubleshooting.