KiwiRail argues 50-year lease is blocking commercial opportunities on railway land
Treasury worries about KiwiRail’s approach to iwi over extending the lease.
KiwiRail is battling Treasury intransigence to get the government to agree to extend its lease on railway land out to 2170.
The state-owned company leases the land from the New Zealand Railways Corporation and its current lease is only for 50 years.
In a paper to its shareholding ministers
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