Senior Correspondent ·NZ Herald·29 Sep, 2026 04:00 PM6 mins to readKiwiRail chief executive Peter Reidy said the eye-watering headline loss masks a business that is finally starting to turn a corner. Photo / Michael CraigKiwiRail has plunged $1.4 billion into the red after taking the City Rail Link on to its books – but its underlying business is gathering steam. The massive loss is largely an accounting hit, with almost $1.2b wiped from the value of the City Rail Link (CRL) assets transferred to
KiwiRail plunges $1.4b into red as write-downs mask turnaround
Full Article
Original Source
Read the full article at Nzherald →KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.