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


National's infrastructure plans fine

Gordon Copeland Press Release

Thursday, 14th August 2008

National's infrastructure plans fine, but there is a better way to finance them - Copeland

Independent MP Gordon Copeland, the Kiwi Party spokesperson on finance, today praised National's infrastructure and electricity plans but begged to differ on their financing pathway.

"I believe it is unnecessary for National to increase New Zealand's international debt levels to fund these projects," said Mr Copeland.

"They overlook the fact that New Zealand is already massively in debt to the rest of the world, creating an enormous drag on our balance payments and borrowing is, in any event, unnecessary."

"The Kiwi Party would fund the additional infrastructure investment New Zealand needs in roads, rails, schools, hospitals and ports by selling down 20% of the SOEs to kiwi only investors, including KiwiSaver providers and the NZ Super Fund."

"Not one single share however would be sold to a non-resident. The SOEs would remain 100% New Zealand owned and operated."

"It simply makes no sense to borrow the $5 billion needed to fund National's plan when there is a source of local funds available."

"I have no doubt at all that the present "100% Government ownership or bust" mantra of Labour is based on a failed ideology and is suboptimal for the New Zealand economy."

"How much more cost effective and efficient it would be to simply allow New Zealanders to have a 20% direct ownership stake in their own companies."


© 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>>




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>>


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>>


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>>


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>>


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>>


(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>>






Featured InfoPages

Opening the Election
  • PublicAddress
  • Pundit
  • Kiwiblog