Parliament

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

 

Corporate welfare now extends across the ditch


Hon Roger Sowry MP National Party Transport Spokesman

05 September 2003

Corporate welfare now extends across the ditch

The National Party says New Zealand taxpayers are set to provide never-ending subsidies to an Australian company, after the Tranz Rail board decision to back a new takeover offer from Toll Holdings Ltd.

The Government's now poised to take over responsibility for incalculable upgrading and the expensive long term maintenance of the track network as part of that deal," says National Party Transport spokesman Roger Sowry.

"Meanwhile Toll, with its monopoly, will be given a green light to cream the profits.

"It's simply not smart business," says Mr Sowry.

"By wading into the Tranz Rail takeover, the Government is exposing the New Zealand taxpayer to a massive ongoing investment in a high risk business venture it does not own.

"In fact the National Party understands the Government went to extraordinary lengths to make sure Toll pushed ahead with its offer.

"An analysis by Grant Samuel suggests the Labour Government sweetened the deal, after the initial bid ran into trouble.

"That came long after Michael Cullen promised the Government would not get involved in a bidding war.

"Once again it appears that Labour's done another sneaky back-room deal to satisfy its own ideological agenda," says Mr Sowry.

Ends


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Werewolf: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word. In reality, Peters will have power only up to the point that he uses it.

By next week, he’ll have become just another junior player in an MMP governing arrangement, battling to hold onto the gains he was promised. More>>

 

Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. More>>

ALSO:

Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election