What was the total cost of demolishing the Aratere's wharf in Picton, and what proceeds, if any, were received from the disposal of the Aratere itself?

Answer

The demolition of the wharf is in the low millions. The exact figure is not able to be disclosed at this time. The Aratere was disposed of through a commercial agreement between KiwiRail and the scrapyard which saw the vessel purchased by the scrapyard following all saleable items being sold prior. As for the specific value, KiwiRail has a right to go about its commercial activities without prejudice or disadvantage.