With its fleet of ageing ferries, age-expired locomotives and the need for replacement wagons, KiwiRail is building its case for a large taxpayer investment. David Williams reports.
The Super Fund's bid to build and own Auckland's light rail lines is a political gift for Labour, but disguises a potentially expensive money-go-round between state-owned entities.
The Government could roll out public private partnerships to fund infrastructure projects across Auckland and Wellington, Transport Minister Phil Twyford and Finance Minister Grant Robertson said today after the surprise launch of a plan for light rail lines in Auckland that could be funded by a New Zealand Superannuation Fund-led consortium.
The New Zealand Superannuation Fund and Canadian fund manager CDPQ Infra have made an unsolicited bid to build and operate two lines in the proposed Auckland light rail, which are already getting $1.8 billion of seed investment.
Transport Minister Phil Twyford and Finance Minister Grant Robertson have announced the Cabinet has agreed to launch a procurement process to build two light rail lines from the Auckland CBD to the airport and North West Auckland.
In this morning's email we led with the news that the forced closure of an Auckland education provider could pose a serious threat to the export education industry.
KiwiRail said that it was locked in to a “non-virtuous cycle” as it struggled to balance high safety standards with the commercial realities of an ageing fleet and infrastructure.
With just under 10 weeks to go before the election and signs of increasing divisions between Labour, Green and New Zealand First, it's worth looking at what policies a National-New Zealand Government might adopt.
Water dominates today's email: we look at the probable fate of the Ruataniwha Dam scheme and dig into the water levies debate.
In today's email we see how much homework Labour has to do following the Budget, we check out the latest statistics on dwelling consents and find out about the Government's review of KiwiRail.