"However, we are still working through the evaluation process in regards [to] the tender [process] and will make an announcement in due course."
Napier-Gisborne Railway Ltd director Ian Welsh said while he could see the line opening up in the future, current Government policy appeared not to favour reopening.
NGRL was formed some time ago to facilitate the reopening of the Napier-to-Wairoa rail line, then eventually the Wairoa-to-Gisborne section.
Mr Welsh said the section of line between Napier and Wairoa had suffered the least damage and could be reopened with little capital required.
"Rail is probably the most efficient way of moving the northern forest logs to port.
"Also it lessens the number of trucks and potential road fatalities."
Tukituki MP Craig Foss said the evidence was that the line was hardly being used before the washout.
"Businesses were choosing not to use the line, and had been choosing not to do so for many years," he said.
"I would be very concerned if the people of Hawke's Bay were exposed to this as both taxpayers and ratepayers."
One body that has put a tender in to provide a service on the Napier-Gisborne line is the Hawke's Bay Regional Council (HBRC).
Last year the council set aside $5.46million to potentially part-fund the resurrection of a freight service on the line.
"HBRC submitted an alternative proposal, not a compliant tender, involving a potential contract between HBRIC (Hawke's Bay Regional Investment Company) and/or Napier Port and KiwiRail," said Liz Lambert, HBRC interim chief executive.
"To date no response has been received from KiwiRail."