Running between rack and ruin

13/07/2008

Not content with buying the trains, Labour is now talking about building them. 

The Government will consider assembling new KiwiRail locomotives in New Zealand instead of overseas, State Owned Enterprises (SOE) Minister Trevor Mallard said.

 But the National Party says the plan is “an idea from the 1950s” and would waste taxpayer money.

Make that waste more money.

The Government bought rail operator Toll this month for $690 million. The purchase also included $140 million in debt. Finance Minister Michael Cullen has said an $80 million injection will be needed over the next five years to keep rail running. He has also signalled a “reinvestment package” of about $380 million which will include new locomotives.

Mr Mallard today said although the components of those locomotives would be bought overseas the Government was investigating the possibility of assembling them in New Zealand.

“There is no doubt there is a possibility of assembling locomotives in New Zealand,” he said on TVNZ’s Agenda programme.

“It’s probably a very logical thing to do from a currency perspective, from a value for money perspective.”

I don’t think logic has anything to do with this suggestion.

But National’s SOE spokesman Gerry Brownlee said the plan was “daft”.

“New Zealand’s economic well-being will not be served by returning to the glory days of NZ Railways, which everyone knew was a huge waste of taxpayer resources,” he said.

“New Zealanders still don’t know what the final bill for the railways buy-up is, let alone the cost of something like this.”

He said the fact the locomotives would be assembled in Mr Mallard’s Lower Hutt electorate suggested it was little more than a “save-my-seat campaign”.  

My first flat at Otago entered a float in the annual University capping parade. We built a railcar and one of the slogans we painted on its side was : NZR – running between rack and ruin. The more I hear about Kiwirail the more I think that slogan would apply to it too.

Update: No Minister   shows what going back to the 50s would mean and Inquiring Mind  says Labour’s indulging in time travel.


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