Servicing the Auckland and Wellington regions with approximately 55-60 million trips a year.
NZ bus has over 1000 buses, 7 depots and employs approximately 2000 people.
In recent years NZ Bus has enhanced and modernised its bus fleet through substantial investment, 201 new buses by the end of March 2013, with a further 100 delivered through to 2014.
NZ Bus partners with operators and regional transport authorities to run bus public transport.
Regional transport authorities define and regulate the network. They set routes, timetables, operational standards and maximum fares on most services. If fares cover costs, services consistent with the network are undertaken without a rate/tax payer subsidy. However, there is a subsidy if fares are insufficient to cover costs.
For several years industry participants have been working to change the regulatory, funding and contracting regime. A new model was adopted in 2013, and it is expected to provide a base for future growth. It incentivises operators to have a more commercial approach, and for authorities to focus on value and network enhancements.
24 Dec 2018
Infratil today announced a conditional sale of its 100% interest in its NZ Bus business (NZ Bus) to funds controlled by Next Capital. The agreement is conditional on counterparty consents to the change of control, Overseas Investment Office approval, and standard material adverse change clauses, as well as full documentation...
7 Feb 2018
Infratil today announced a strategic review of its investment in NZ Bus, which it has held since 2005.
As announced on 25 October 2017 and on 25 January 2018, NZ Bus has successfully concluded its negotiations to secure long-term scale and stability for its Auckland and Wellington bus operations. The Auckland...
25 Jan 2018
NZ Bus successfully concludes Wellington contract negotiations Further to the announcement of the 25th October 2017 on the finalisation of its Auckland contract position, NZ Bus has now also successfully concluded its negotiations to secure long-term scale and stability for its Wellington bus operations.
With 5 long term contracts in Wellington...
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