What is the cost to KiwiRail of relaunching the NZ Connect coastal shipping service, and what freight volumes is it forecast to carry during the 2026 and 2027 maintenance periods?

Answer

NZ Connect is a commercial service, meaning the costs to serve are less than the revenue it generates. The specific numbers in revenue and volume terms cannot be released as KiwiRail has a right to go about its commercial activities without prejudice or disadvantage. It remains a backstop for volume if needed by the market, noting however the Interislander ferries have achieved 100% sailing reliability so far this year.