Another $600 million for the KiwiRail Gravy Train

The Taxpayers’ Union is slamming today’s announcement of a further $604.6 million for KiwiRail, calling it another round of spending on a company that continues to haemorrhage taxpayer money with nothing to show for it.

Taxpayers’ Union spokesman Tory Relf said:

“KiwiRail has never returned a dividend, routinely blows its budgets, and spent $8 million on secret consultants, now gets rewarded with another $600 million? It’s fiscal madness.”

“This latest blowout reinforces the urgent need for reforms outlined in our A Pathway to Surplus report, including ending the open chequebook approach to failing state-owned enterprises.”

“Taxpayers need to see an end to the unaccountable, unaffordable gravy train in Thursday’s Budget.”