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.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>


Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>


More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>


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>>


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>>

Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news