For most of its history, New Zealand's rail services were operated by the Railways Department. In 1982, the Department was corporatised as the New Zealand Railways Corporation. The Corporation was split in 1990 between a limited liability operating company, New Zealand Rail Limited, and the Corporation which retained a number of assets to be disposed. New Zealand Rail was privatised in 1993, and renamed Tranz Rail in 1995. In 2001, Tranz Rail's long-distance passenger operations, under the guise of Tranz Scenic, became a separate company; Tranz Rail chose not to bid for the contract to run Auckland's rail services, and the contract was won by Connex (now Auckland One Rail). Proposals to sell Tranz Rail's Wellington passenger rail services, Tranz Metro, did not come to fruition, although the division became a separate company in July 2003. In 2003, Tranz Rail was purchased by Australian freight firm Toll Holdings, which renamed the company Toll NZ.
For most of its history, New Zealand's rail services were operated by the Railways Department. In 1982, the Department was corporatised as the New Zealand Railways Corporation. The Corporation was split in 1990 between a limited liability operating company, New Zealand Rail Limited, and the Corporation which retained a number of assets to be disposed. New Zealand Rail was privatised in 1993, and renamed Tranz Rail in 1995. In 2001, Tranz Rail's long-distance passenger operations, under the guise of Tranz Scenic, became a separate company; Tranz Rail chose not to bid for the contract to run Auckland's rail services, and the contract was won by Connex (now Auckland One Rail) Proposals to sell Tranz Rail's Wellington passenger rail services, Tranz Metro, did not come to fruition, although the division became a separate company in July 2003. In 2003, Tranz Rail was purchased by Australian freight firm Toll Holdings, which renamed the company Toll NZ.