Rail is a deep, deep hole where pinkos like Bridges pour money

Simon Bridges just keeps pouring our money into a deep hole called rail:

A shake-up is looming for KiwiRail – with the Government soon to release terms of reference for a wide-ranging review of the state-owned enterprise.

A likely focus is the current requirement to maintain a large rail network.

Transport Minister Simon Bridges said the review would cover KiwiRail’s operating structure and longer-term capital requirements.

This year’s Budget will invest $450 million of new capital funding in KiwiRail over two years. It comes after Bridges warned after last year’s Budget that current Government handouts could not continue.

And yet it does continue.

What else could we have spent the billions on that has been poured into a failing business with no signs of recovery?

Bridges said KiwiRail had done a good job at becoming more productive, but had suffered bad luck with setbacks such as the Kaikoura earthquake.

“We want to provide a long-term, sustainable model for KiwiRail.”

It isn’t possible fool. Rail is useless and will never be profitable. It will certainly never be sustainable.

Prime Minister Bill English said the Government wanted to know if any changes would help KiwiRail stand on its own. He ruled out privatisation.

“Essentially the operating business as I understand it does make money. But the capital requirements to maintain a large rail network are very substantial.”

No one would buy it.

I hear Toll Holdings still has annual parties celebrating scalping Michael Cullen and Helen Clark of the thick end of a billion dollars.

Axe it and turn the rail corridor into a truck and busway.

-NZ Herald

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.