The company has still not worked out what went wrong, but is adamant it has not cut corners on maintenance of the ferry which lost one of its propellors near Tory Channel on 5 November. . .
KiwiRail was one of the last Labour government’s most expensive mistakes.
Labour paid far more for the company than it needed to and a great deal more than it was worth.
It’s performance since it became an SOE has been dismal and now it’s asking for more taxpayer funds.
What would it do if it was a private company and was faced with an unexpected major expense?
This is an argument for privatisation – in part or in full.
Regardless of what led to the loss of the propeller, the taxpayer shouldn’t be adding to the already large sum of money it’s spent on the company.