KiwiRail Holdings Limited announced that the damaged rail tunnel near Reefton, which disrupted coal exports in the South Island, will reopen next week. The 370-meter tunnel, constructed in the 1890s, was closed in June last year after a digger operator observed crumbling in its lining during track renewal work. Subsequent inspections identified structural issues in three sections of the tunnel. At the time of writing, KiwiRail’s South Island Regional Infrastructure Manager, Gary Ikin, confirmed the reopening schedule, which marks a crucial step toward restoring efficient coal transportation in the region.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com
Jan 16, 2025
Jan 16, 2025
Jan 15, 2025
Jan 15, 2025
Jan 14, 2025
Jan 14, 2025
Jan 13, 2025
Jan 13, 2025
Jan 10, 2025
Jan 09, 2025
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva New Zealand Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.