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Judgey's avatar

I wouldn't say National cancelling the iRex ferries was fiscally prudent. It was a well planned project future proofing our investment, meeting our climate objectives by having hybrid ferry engines and climate resilient and earthquake resilient port side infrastructure. Whilst delivering new ferries as the old ones became ready to retire. I would consider National did a very poor decision with very little thought and we now have a reduced service between the Islands. There has also been talk of National Roads of Significance being approved with little cost/benefit analysis or very for returns on dollars spent. Additionally we are building hospitals like Dunedin which aren't fit for its current population let alone into the future.

Australia got burned with PPPs which they now avoid, as did the UK. But the worst issue is privatisation of our assets, which leave NZers paying through the nose and the private companies reaping ever larger profits without the reinvestment back into maintenance and future proofing.

Without a doubt we need better than demonstrated by this current government. But if we truly want to be prosperous we need to spend money on the infrastructure that will allow that not borrow money to fund tax cuts. We will never attract big business here or be competitive if our power grid is so expensive and lacking resilience and future proofing.

I'm no expert on infrastructure either just venting on what I noticed over the years. Thanks for your article.

Andrew's avatar

For a bit more on how this occurs, and ways to deliver infrastructure better, see Bent Flyvbjerg's books like 'How big things get done' and "Megaprojects and risk' - or just google Bent Flyvbjerg

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