Contractors welcome rail and ferries purchase

5 May 2008

Contractors welcome rail and ferries purchase

The New Zealand Contractors’ Federation has welcomed the Government’s purchase of Toll’s rail and ferry business for $665 million.

“This has been a long time coming and we applaud the Government’s move. New Zealand needs a modern rail and ferry network if we are to remain internationally competitive and are serious about integrating our supply chains.

“Equally, contracting companies require certainty around major infrastructure projects because of the investment required in terms of plant and people. With ownership now back in Government hands we look forward to them committing to an ongoing and fully funded programme of upgrades.”

Mr Michael also called upon the National party to honour the purchase if it wins the next General Election.

“What’s needed now is continuity and certainty in the sector. We urge National to come out now and agree it will stand by the purchase. The last thing New Zealand needs is an about face in nine months time.”

ENDS

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