It is important to note the Government does not have an equity stake in Chorus, Chris Bishop says.
The pilot, which ended earlier than planned, had done its job by collecting valuable data, Brooke van Velden said.
Ferry Holdings reassured after talks with CentrePort, Port Marlborough and KiwiRail.
But endorsement by the Infrastructure Commission does not guarantee government funding.
New Zealand has bucketloads of renewable energy, says James Kilty.
The financial terms weren’t disclosed but the deal includes the Nexus brand, operating plant and equipment, while the port will retain ownership of the Nexus site at Wiri.
Other lines are also looking at adjusting their services at the South Island’s biggest import and export gateway, in the wake of labour disruption.
Rail Minister Winston Peters also promises ‘no-nonsense’ port infrastructure upgrades, as total project estimated at $1.86b.
Former managing director Cos Bruyn left in June after seven years in the role, in the wake of a ‘softer’ year for the major contracting business.
The New Zealand arm of giant Australian civils contractor Downer EDI boosted earnings on the back of construction gains, while slashing subcontractor costs.