Comments on: KiwiRail can’t find Hillside buyer; Foundry sold to Bradken http://business.scoop.co.nz/2012/11/15/kiwirail-cant-find-hillside-buyer-foundry-sold-to-bradken/ Scoop Media Business Blog Tue, 14 May 2013 05:32:11 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: Phil C http://business.scoop.co.nz/2012/11/15/kiwirail-cant-find-hillside-buyer-foundry-sold-to-bradken/comment-page-1/#comment-89590 Phil C Mon, 19 Nov 2012 15:16:37 +0000 http://business.scoop.co.nz/?p=72067#comment-89590 And then KiwiRail has to enter into expensive outsourcing agreements in the future due to lack of in-house capacity, with the attendant exorbitant legal fees, governance issues and healthy margins for the contractor and the white collar go-betweens.

I wonder how long it is before urban services and the ferries are sold off to individual operators and KiwiRail is shut down altogether? The rail buy-back was the perfect refutation of market dogma and from the point of view of ideology (or the Treasury; same thing?) it simply cannot be left to stand.

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