A decision not to move the southern interisland ferry terminal from Picton to Clifford Bay has resulted in more than 400ha of KiwiRail land being sold to a local wine grower.
KiwiRail today confirmed that the sale of the land at Clifford Bay, owned by its subsidiary Clifford Bay Limited, to local wine grower Peter Yealands, had been finalised.
The 413ha site was placed on the market earlier this year.
KiwiRail's Property, Investment and Revenue national manager Andrew Robinson said the sale price was a private matter between the parties involved.
"KiwiRail has a duty as a state owned enterprise to operate commercially, and make a return on investment, and this sale fulfills those requirements."