Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Save Rail - Winston Peters

Media Release

17 April 2003

Save Rail

“Save rail: Prebble said it but failed, then National sold it to its mates, now we have a real opportunity to fix it,” said New Zealand Leader Winston Peters.

“Trading of Tranz Rail shares should be immediately suspended in the national interest. The Government then needs to put together a package that protects our transport infrastructure, ensures that we have a viable rail net work, reduces pressure on our roads, and commences a process of modernisation in keeping with a first world nation.

“A loan of $150m to a new Government-controlled entity formed with share capital of (around) $100m would secure ownership and debt at current valuations and provide working capital. A process of rationalisation and the sale of operational assets to New Zealand owner/operators should be accompanied by incentives for cargo movers to direct more of their freight to rail,” said Mr. Peters.

“While the Government should then retain ownership of the rail track ongoing operations would be in the hands of New Zealand public companies and the bulk of the Government’s original investment would be repaid. Current shareholders could be protected through an equal right to repayment along with the Government shares.”

“The end result will be state ownership of tracks (as for roads), operations in the hands of New Zealand transport companies, and a more modern and efficient transport system. We don’t often get the opportunity to address the sins of the past but with the disgraceful capitalisations and planned rundown of infrastructure, the precarious financial position, and pressing safety concerns the Government must act now. Carpe diem!” urged Mr. Peters.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>


Corrections Corrected: Supreme Court Rules On Release Dates

Corrections has always followed the lawful rulings of the Court in its calculation of sentence release dates. On four previous occasions, the Court of Appeal had upheld Corrections’ practices in calculating pre-sentence detention. More>>


Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>


General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>


Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>


Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news