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NZ First Welcomes Rail And Ferry Buy-Back

Media Release

5 May 2008

NZ First Welcomes Rail And Ferry Buy- Back

New Zealand First has welcomed the Government’s purchase of Toll New Zealand’s rail and ferry business but regrets that the railway system was sold for a song in the first place.

Transport spokesperson Peter Brown said the move was in New Zealand’s best interests and would benefit both freight and passenger users.

“The return of this business to the rightful owners – the taxpayers – will result in improved service, innovation and strong investment in a vital part of the country’s infrastructure.

“The regrettable part of this announcement is the history of the railways system being sold by the then National government to its mates who then looted and plundered it.

“While today’s announcement is good news, we have to acknowledge that the saga of past private ownership has cost taxpayers dearly.

“Now such an asset is back in Kiwi hands, we challenge National to state clearly what its policy is now. Would National sell the rail and ferry business again or keep it?

“Taxpayers need some answers from John Key today,” said Mr Brown.


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