Rail buy back good for jobs
Now Toll Holdings has decided to proceed with the acquisition of Tranz Rail the Labour Progressive Coalition government
buy back of the track for $1 will go ahead. That is worth celebrating as a further progressive step to buy back our
strategic assets, says Progressive Deputy Leader, Matt Robson MP.
"Saving Tranz Rail is yet another demonstration of this coalition's commitment to New Zealand jobs and providing the
infrastructure for public transport. Rail will play a key role in securing the infrastructure we need as a modern
economy.
"Speedy, secure transportation greases the wheels of the economy. Rail is an essential part of the infrastructure we
need to build a high skill, full employment economy.
"Yet again, this Labour Progressive Government has proven the value of being pragmatic and innovative in being prepared
to step in and sort out market failures, which potentially hold back the whole economy.
"Today's announcement is another step towards a high value, high waged and high tech, environmentally healthy, modern
economy," said Matt Robson MP.