10 October 2000
Tranz Rail Seeking Buyer For Long Distance Trains
Tranz Rail is seeking expressions of interest in its long distance passenger train business, Tranz Scenic.
Tranz Scenic operates The Overlander (Auckland-Wellington day service), The Northerner (Auckland-Wellington night), The
Kaimai Express (Auckland-Tauranga), The Geyserland (Auckland-Rotorua), The Bay Express (Wellington-Napier), The
TranzCoastal (Christchurch-Picton), The TranzAlpine (Christchurch-Greymouth) and The Southerner
An information memorandum will be released shortly to parties expressing an interest in the business.
Tranz Rail’s Managing Director, Michael Beard, says the decision to test market interest in Tranz Scenic is part of the
company’s strategic plan to focus on its core freight operations and follows some approaches from other interested
"This will not be a fire-sale. If we don’t attract a proposal that makes good business sense for all parties then we
will re-evaluate the sale," Mr Beard said.
"New Zealand’s long-distance train services used to cater largely for point-to-point domestic travel at the bottom end
of the market. In recent years, however, much of the Tranz Scenic network has been developed as part of the tourism
business. In 1997 Tranz Scenic travel packages won New Zealand’s top tourism award," said Mr Beard.
"Tourism is not part of our core business, however, and the Tranz Scenic services might sit more comfortably with a
specialist operator in the tourism field."
"An Information Memorandum will be available to the market within the next two weeks and we would hope to be able to
begin assessing proposals before Christmas," Mr Beard said.
For more information contact:
Office hours: 04 498 3177
After hours: 026 112 800