Parliament

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

 

What is the total price for rail, Dr Cullen?

Bill English MP
National Party Finance Spokesman

12 May 2008

What is the total price for rail, Dr Cullen?

National Party Finance spokesman Bill English is calling on Michael Cullen to come clean with the New Zealand public about the likely total cost of the deal to buy Toll’s rail operations.

“Dr Cullen has preliminary figures about how much it will cost the taxpayer to upgrade the rolling stock. He should put them on the table. He should also confirm or reject speculation about a hidden $200 million loan.

“The public will not forgive Dr Cullen if he knew about the loan and forgot to tell them when announcing the $665 million buy-back. As times get tougher, the public must be able to trust the Finance Minister to tell it the way it is, warts and all.

“If Labour is hiding the true cost of this significant election-year spend-up, the public will not forget that easily.”

Only yesterday, Transport Minister Annette King confirmed the cost of the purchase. She told TVNZ’s Agenda programme; ’we’re paying 665 for the purchase of the rail’.

“If the speculation is correct, and Dr Cullen is committing the taxpayer to repaying another $200 million loan to Toll Australia, that would put the Aussie company’s profit on the deal at closer to the half-billion-dollar mark.

“Labour is now throwing the kitchen sink at purchasing rail from an efficient transport operator which was reluctant to sell in the first place. This is all about fighting political battles that are 18 years old, and wasting taxpayer money in the process.

“If Dr Cullen can’t confirm the loan, and won’t reveal his preliminary estimates about the cost of rolling stock upgrades, he’ll have no one but himself to blame if the public becomes very suspicious about this deal indeed.”

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Back Again: Government Approves TPP11 Mandate

The Government has approved a negotiating mandate for Trans-Pacific Partnership 11 (TPP11), which will ensure New Zealand businesses remain competitive in overseas markets.

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

.

 
 

Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>

ALSO:

Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>

ALSO:

Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>

ALSO:

Treaty: Agreement In Principle Signed With Moriori

“The Crown acknowledges Moriori was left virtually landless from 1870, hindering its cultural, social and economic development. The Crown also acknowledges its contribution to the myths that the people of Moriori were racially inferior and became extinct." More>>

ALSO:

Susan Devoy: Call For Inquiry Into State Abuse Reaches UN

Race Relations Commissioner Dame Susan Devoy is in Geneva and has asked a United Nations committee to urge the New Zealand government to initiate an inquiry into the physical and sexual abuse of children and disabled people held in state institutions. More>>

ALSO:

(Not National): Cross-Party Agreement On Pike River Re-Entry

The commitment was signed this afternoon by the leaders of Labour, United Future, The Maori Party, and the Green Party and, together with the earlier commitment by New Zealand First, means that there is now a Parliamentary majority behind the families’ fight for truth and justice. More>>

ALSO:

Earlier:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election