Thanks a billion Michael

Just before the 2008 election Michael Cullen exported near on a billion dollars to the coffers of Toll Holdings, who I understand still hold massive parties on July 1 every year to celebrate.

How is that great investment in our future going then?

Not so well:

The commercial value of KiwiRail has plunged.

KiwiRail’s just released statement of intent puts the commercial value of the company to the Crown at negative $715 million.

That’s an almost quarter of a billion dollar fall from June 2011

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