New Zealand Railways Corporation followed by Tranz Rail
National rail landowner
Ownership of the railway corridor underneath the tracks remained with NZRC, which managed the lease of the land to New Zealand Rail Limited. NZRC was also tasked with disposing of the remaining surplus railway land. The remainder was then transferred to Land Information New Zealand on 1 January 1994. Following privatisation of New Zealand Rail Limited in 1993, the company was renamed Tranz Rail in 1995, until acquired by Toll Holdings in 2004. A separate deal transferred ownership of the Auckland metropolitan rail network from Tranz Rail to the Government in 2001. As part of Toll's acquisition of Tranz Rail, the Government re-acquired the rail track infrastructure from Toll and signed the National Rail Access Agreement.