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New Zealand Freight & Material Railway Industry Analysis
New Zealand's freight rail corridor/infrastructure construction projects industry plays a crucial role in the country's economy, facilitating the movement of goods across the country. The industry is dominated by the state-owned enterprise, KiwiRail, which owns and operates the majority of New Zealand's rail network.
The freight rail corridor/infrastructure construction projects industry in New Zealand has seen steady growth in recent years, with an increasing demand for freight transport due to the growth of the country's economy. According to a report by the Ministry of Transport, the freight rail industry carried 18.9 million tonnes of freight in 2019, with a total value of NZD 18.8 billion.
The government has recognized the importance of the freight rail industry and has committed to investing in the sector. In 2019, the government announced a NZD 1 billion investment in KiwiRail's network, with a focus on improving infrastructure and rolling stock. This investment is expected to support the growth of the freight rail industry and improve the efficiency and reliability of the network.
One of the significant projects underway in the freight rail corridor/infrastructure construction projects industry is the City Rail Link in Auckland, which is the largest transport infrastructure project in New Zealand's history. The City Rail Link is a 3.45km underground rail line that will link Britomart, Auckland's central transport hub, to the western line near Mt Eden. The project is expected to significantly improve Auckland's transport network and will allow for an increased capacity of rail services.
The outlook for the freight rail corridor/infrastructure construction projects industry in New Zealand is positive, with continued investment in the sector and an increasing demand for freight transport. The government has also announced a plan to shift the country's transport network towards more sustainable modes of transport, including rail, which is expected to further support the growth of the freight rail industry.
In conclusion, the freight rail corridor/infrastructure construction projects industry in New Zealand is an essential sector that plays a significant role in the country's economy. The industry has seen steady growth in recent years, and with continued investment and a shift towards more sustainable modes of transport, the outlook is positive for the sector's continued success.
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