Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Review key to keeping UFB partnership on track

Review key to keeping UFB partnership on track

Media Statemen

8 November 2013

"The Government has made the right decision in commissioning an independent assessment of Chorus’ financial capability to deliver its contractual obligations under the UFB public private partnership," says Stephen Selwood, chief executive of the New Zealand Council for Infrastructure Development.

"The essential issue here is whether or not Chorus will be able to absorb a $10 per month reduction in copper wholesale pricing, as required by the Commerce Commission, and still deliver ultra-fast broadband to most New Zealanders.

"There are two conflicting views on this. On the one hand the Coalition for Fair Internet Pricing say that Chorus can and should absorb the cost. On the other hand, the Government’s partner Chorus says that the lost revenue will have a very significant impact on their capacity to deliver ultra-fast broadband to most of New Zealand as they are contracted to do.

"If Chorus is right, the cost to all New Zealanders of the loss of social and economic benefits that a delay in UFB roll out would inevitably cause needs to be carefully considered.

"Also to be weighed in the balance is further write off of shareholder value for over 30,000 kiwi investors and consequential loss of investor and financial market confidence.

"When the impact of the pricing reduction is clear, significant questions over whether the Commerce Commission pricing determination is reasonable still remain, as does Chorus’s right to require a full cost review.

"The Government represents all New Zealanders as a partner with Chorus in the roll out of UFB.

"The independent review provides Government the opportunity to determine the financial impact on Chorus of the Commerce Commission's decision and inform whether or not and how it might intervene in a way that is in the best long term interests of consumers.

"At the end of the day, the sooner this issue is resolved, the sooner we can focus on the real opportunity – how NZ levers the return from this investment in ultra-fast broadband infrastructure - the better it will be for everyone."


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Our Unreal Optimism About The Economic Impact Of Coronavirus

At this week’s Chinese New Year celebrations, PM Jacinda Ardern was resolutely upbeat that business with China would soon bounce back to normal – better than ever, even - once the coronavirus epidemic has been brought under control. To Ardern, the adversity has only accentuated just how close we are to Beijing Nothing wrong with being upbeat, if it can calm the nerves and turn business sentiment into a self-fulfilling prophecy. The problems begin when the optimism detaches itself from reality. What has been very odd so far about the coronavirus episode is that global share markets – normally spooked by mere sneezes or sniffles in the world’s major economies - have continued to be fairly positive, even as the epidemic has unfolded... More>>

First Published on Werewolf here


Vaping: Government To Regulate Products

No sales to under-18-year-olds No advertising and sponsorship of vaping products and e-cigarettes No vaping or smokeless tobacco in smokefree areas Regulates vaping product safety comprehensively, - including devices, flavours and ingredients Ensure ... More>>


Gordon Campbell: On The Political Donations Scandals
Even paranoids have real enemies. While there has been something delusionary about the way New Zealand First has been living in denial about its donations scandal, one can sympathise with its indignation about Paula Bennett and Simon Bridges being among its chief accusers. More>>


UN Expert: NZ Housing Crisis Requires Bold Human Rights Response

This is a press statement from UN Special Rapporteur on the right to housing at the end of her 10-day visit to New Zealand. The Government of New Zealand has recognized that the country is facing a housing crisis, said Leilani Farha, UN Special Rapporteur ... More>>


2020 And Beyond: National’s Economic Plan

National Leader Simon Bridges has today outlined National’s economic plan heading into election 2020. “National understands the economy and how it impacts on New Zealanders day to day lives... More>>






InfoPages News Channels