Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Government Should Buy Back All Rail Corridors

COMMENT on Auckland local government's bid to buy rail corridors for $112 million.

from David Thornton Writer & commentator on Local Government [David Thornton is a former member of North Shore City Council and the Auckland Regional Land Transport Committee]


Auckland local body leaders met behind closed doors at Eden Park yesterday to try to create a united front in their effort to find the money to buy rail corridors and infrastructural assets from Tranz Rail for $112 million.

The $112 million will buy the 'rail corridors' in the Auckland region - plus all the rails, stations, signalling equipment etc. This brings the future rest of the country's rail network into question. How much will that cost? And who will buy that?

If Fay Richwhite/Wisconsin rail sell their 38% of Tranz Rail for $175 million that would mean that the $112 million, for just the rail infrastructure in the Auckland region, represents 25% of the value of the whole of Tranz Rail - which was acquired for just over $300 million in 1993.

If anyone is to buy anything from Tranz Rail it must be the Government - because it was the Government which took the money and ran in 1993.

The Government should terminate the 80-year lease it gave to Tranz Rail which covers the whole country. That would keep control of the network in single ownership. The alternative, particularly if Auckland succeeds in 'buying' the Auckland corridors, is fragmented ownership of bits of the network around the country.

That sort of fragmentation has caused real problems, including safety problems, in other countries which have split up ownership of different parts of their rail systems.

And may we all be protected from those loonies who want to buy back all of Tranz Rail - trains, ferries, freight services.the lot.

ENDS.

CONTACT David Thornton at 77, Hillcrest Avenue Northcote North Shore City 'phone 443 5302 fax 443 6771 mobile o25 831 825 email thornton@internet.co.nz


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Yesterday’s Big Parliamentary Air Kiss To China

In order to obtain support from the two major parties, Act Party deputy leader Brooke Van Velden twice had to soften the language of her parliamentary motion yesterday condemning China’s persecution of the Uighurs. The key word “genocide” was deleted. Evidently, the kind of resolution passed by a conservative government in the UK proved to be far too tough for a centre-left Labour government and a centre-right National opposition to countenance. Yesterday, the two major parties were united in their fear of retribution from China... More>>

 

Public Services: Government Sets Pay And Workforce Expectations For The Public Sector

The Government’s Workforce Policy Statement issued today sets out its expectations for pay and employment relations in the Public Sector, the Minister of Finance and Minister for the Public Service say. “New Zealand has had an exceptionally successful ... More>>

ALSO:

Government: Budget 2021 Reprioritises Nearly $1 Billion

Hon Grant Robertson Deputy Prime Minister Minister of Finance The Government’s strong pandemic response and the better than expected economic recovery means not all the money allocated in the COVID-19 Response and Recovery Fund has been spent, ... More>>

ALSO:

Ardern: Speech To China Business Summit

Ladies and gentlemen, distinguished guests, ate marie, tena koutou katoa, good morning. I am very happy to be here with you once again at my fourth China Business Summit. ... More>>

PM: Statement On The Speaker And Annual Review Debate

“The serious issue of alleged sexual assault and harassment at Parliament was poorly managed and inappropriately politicised last night. The tone of the debate did not reflect well on Parliament as a whole,” Prime Minister Jacinda Ardern said. ... More>>

Parliament: Mallard Fails To Give Taxpayers A Straight Answer

Trevor Mallard has confirmed he is unfit to be Parliament’s Speaker by failing to answer several important questions relating to the false rape accusation saga that cost taxpayers more than $330,000, Shadow Leader of the House Chris Bishop says. ... More>>

Local Government: Independent Review To Explore Future

Local Government Minister Nanaia Mahuta says an independent review of local government will explore how councils can maintain and improve the wellbeing of New Zealanders in the communities they serve long into the future. More>>

ALSO:

PM Ardern And PM Morrison: Commencement Of Two-Way Quarantine-Free Travel Between Australia And New Zealand

Joint Statement by Prime Ministers Scott Morrison and Jacinda Ardern Commencement of two-way quarantine-free travel between Australia and New Zealand Today, Australia and New Zealand have fulfilled their commitment to establish two-way quarantine free ... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels