Government bids to buy back trains, ferries – 07 Mar 2008 – Politics: New Zealand Political News, Analysis and Comment including 2008 election coverage – NZ Herald

Proof that the government is thinking with its dick and not its brain is the news that they aaret ryinng to buy back the Rail and Ferry network, even though they won’t make any money.

The Government has confirmed it is in talks to spend hundreds of millions of taxpayer dollars to buy back the rail and Cook Strait ferry assets of Toll New Zealand – which the Beehive admits are unlikely to ever make any money.

Why anyone would want to buy a 19th Century technology that can be beaten both in time and money by Trucks is beyond me. The only viable thing to do is pull up the bloody tracks and turn the land into a freeway between Wellington and Auckland for trucks and buses. Cullen of course is dreaming the dreams of a mad man.

“We believe that with Crown ownership, we’d be capable of creating a more strongly integrated rail system, not just in terms of goods movement but also in terms of the urban passenger systems where there are interrelationships there,” Dr Cullen said.

“This is not a business which is ever going to make money, overall, and therefore we either end up subsidising the private sector or we end up subsidising ourselves on behalf of the people of New Zealand.”

Mmmm-kay, so we are pour the almost a billion bucks on something that makes a loss. Why? The answer probably lies somwhere in between OnTrack Director and Labour Party President Mike Williams, Helen Clark and TRANSPORT MOGUL Owen Glenn.