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

 


Call for Government to release PPP figures

Phil Twyford
Transport Spokesperson

21 November 2012

Call for Government to release PPP figures

Labour is questioning the wisdom of the Government using a Public Private Partnership to build Transmission Gully and is calling on it to release figures justifying the decision.

Labour’s Transport spokesperson Phil Twyford said the Government’s timing could hardly have been worse with four big Australian transport PPPs collapsed or in the process of falling over.

“Gerry Brownlee says with great confidence that PPPs are suited to these big infrastructure projects but history shows they are fraught with problems. The failed Australian PPPs, the most recent of which was the Brisbane airport motorway, fell over because of over-optimistic traffic projections.

“After the Australian PPP collapses, and the failed London tube PPP, it is hard to imagine there would be any private sector investors willing to take on the patronage risk in such a project. If the Government carries the risk, and the only gain from a PPP is construction efficiency, then it is hard to see how a PPP would deliver value for the taxpayer given that Government can borrow money so much more cheaply than the private sector.

“Gerry Brownlee should release the business case for the PPP so the public can be reassured that this project will deliver value, and is not just an expensive way to push the cost of the project onto future generations.

“If the Government is so confident a PPP will cost less, why not put out to tender both the PPP version and a design-build option funded by the Crown? Then the public can see the true cost comparison.

“Given the $12 billion price tag for its Roads of National Significance, the Government is desperate to find extra funding options. They are about to raise petrol and diesel taxes, they are legislating to allow borrowing for state highways, and now they are using a PPP to obscure the real cost and saddle the next generation with 25 years of cost which is probably higher than alternative methods.

”The RoNS are not justified economically. It would be better if the Government reviewed its motorway-building programme and saved billions of dollars by cutting the more wasteful and low value projects,” Phil Twyford said.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Two Years With New Methods: Crime Stats Show Increase Led By Burglary

The two years of data show an increase in the total victimisation rate of 3.1 per cent, with 12,060 more victimisations in the 2015/16 year when compared to 2014/15 year. From this increase, 72 per cent is attributable to burglaries. More>>

ALSO:

Auckland Relocation Grants: 12 Grants Paid So Far

Since the policy took effect one month ago, 12 applicants have received the non-recoverable grant, supporting 32 people. $54,508 has been paid out, covering things like moving costs, bond, rent in advance and letting fees. More>>

ALSO:

Vaccine Funding Change: HPV Vaccines For All Children

PHARMAC has today announced changes to funded vaccines, which will benefit an extra 100,000 people... The human papillomavirus (HPV) vaccine will be available for all children and adults up to the age of 26 years, and boys will now be included in the HPV school vaccination programme. More>>

ALSO:

Gordon Campbell: On Why The Opinion Polls For Key And Trump Defy Gravity

What is going on? Donald Trump got confirmed as the Republican presidential candidate at a bizarrely chaotic political convention… and promptly received an upwards bump in the polls to where he’s now rating ahead of Hillary Clinton, for only the second time this year. More>>

Sugar: Auckland Leisure Centres Axe Unhealthy Drinks

Auckland Council is to stop selling drinks that are sweetened by sugar from vending machines at its leisure centres in a bid to try to reduce obesity and type 2 diabetes... More>>

ALSO:

Gordon Campbell: On Todd McClay’s Faulty Memory

Time and again, whenever an issue arises the initial response by government is to deny or diminish the problem – nothing to worry about here, everything’s OK, move on. Then, hang on. In line with the usual pattern, as embarrassing details emerged into daylight, the story changed. More>>

ALSO:

Labour's 'Future Of Work': Major Reform Of Careers And Apprenticeships

The next Labour Government will transform careers advice in high schools to ensure every student has a personalised career plan, Leader of the Opposition Andrew Little says. More>>

ALSO:

State Investments Management: Treasury Likes IRD, Not Education Or Corrections

The Inland Revenue Department has scored an 'A' in the first tranche of the Treasury's investor confidence rating for state agencies that manage significant Crown investments and assets, gaining greater autonomy as a result, while the Corrections and Education ministries gained a 'C' rating. More>>

ALSO:

Govt Goal: NZ To Be "Predator Free" By 2050

Prime Minister John Key has today announced the Government has adopted the goal of New Zealand becoming Predator Free by 2050... “That’s why we have adopted this goal. Our ambition is that by 2050 every single part of New Zealand will be completely free of rats, stoats and possums." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news