Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More
Parliament

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

 

The Rail Deal's A Scandal: Peters

“Overseas investors, and some of our expatriate ones are enjoying another joke at the expense of the New Zealand taxpayer over the purchase of the Auckland rail corridors,” according to New Zealand First Leader Winston Peters.

“Those same rail corridors and all corridors in New Zealand were sold in 1993 for $1 a year. Now they are having the taxpayer buy-back some of them for $81 million. Some people must be laughing all the way to the Swiss bank. Worse still is the fact that the Government are telling the public that this is a bargain.

“Hard on the heels of the Air New Zealand fiasco we have an announcement that the taxpayer is buying back another of our former state assets. Having sold New Zealand Rail for $328m successive governments have sat back and watched our railways bled dry.

“This deal that sees the New Zealand taxpayer again providing a windfall profit for these overseas tycoons, is a scandal. Taxpayers are being ripped off by a Government that is once again providing profits for the rich, and taxes for the poor.

“Government spending on failed privatised assets ought to have been invested in the Superannuation Fund to increase national savings and to secure our future. How many more times will a Labour Minister ‘save rail’? How much more will New Zealanders have to pay for the failed policies of National and Labour?,” concluded Mr Peters.


ENDS

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines



Gordon Campbell: On The Newshub/Smokefree Twin Fiascos


Here’s a tale of two sunset industries. One has a track record of quality investigative reporting, and sound reportage of the 24/7 news cycle. The other sunset industry peddles a deadly substance that kills and injures tens of thousands of New Zealanders every year, while imposing significant annual costs on the public health system.

Which industry is this government rushing to assist..?
More


 
 


ACT: New Zealand Dodges Dopey Experiment In Prohibition

“Labour’s attempted crackdown on smokers would have delivered criminal groups a near-monopoly over the cigarette trade,” says ACT Health spokesman Todd Stephenson... More


Government: Backs Police To Crackdown On Gangs
The coalition Government is restoring law and order by providing police new tools to crack down on criminal gangs, says Justice Minister Paul Goldsmith and Police Minister Mark Mitchell. “Over the last five years gangs have recruited more than 3000 members, a 51 per cent increase... More


Government: Humanitarian Support For Gaza & West Bank

Winston Peters has announced NZ is providing a further $5M to respond to the extreme humanitarian need in Gaza and the West Bank. “The impact of the Israel-Hamas conflict on civilians is absolutely appalling," he said... More


Government: New High Court Judge Appointed

Judith Collins has announced the appointment of Wellington Barrister Jason Scott McHerron as a High Court Judge. Justice McHerron graduated from the University of Otago with a BA in English Literature in 1994 and an LLB in 1996... More

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.