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 eight news events that mattered in the week around our political economy included the key details in Budget 2018, the emergence of mycoplasma bovis as a macroeconomic and fiscal issue, pressure building on New Zealand's big four banks to detail their conflicts over Kiwisaver sales, and a wider crackdown on retailers not paying workers at the start and end of shifts.
Here's my read on the eight things that mattered in the political economy over the last week.
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.
Transport Minister Phil Twyford argues against the idea that his new transport policy is only about rail and against roads. He says it's about having it all.
A recall of 50,000 vehicles with faulty airbags has been ordered by the Government.
The coalition Government just made its politically riskiest move since its formation nearly six months ago. It announced a surprise tax hike that will make provincial drivers help pay for new rail tracks in Auckland, writes Bernard Hickey.