Fran O'Sullivan has a look at the newly nationalised railways to be headed by Jim Bolger. We won't comment beyond observing that this issue has been badly handled and we are convinced this nationalisation will come back to bite Government. We think Bolger should have stuck to NZ Post and Kiwibank.
We hope that Government will move fast to sell the Wellington commuter network to NZ Bus and to put the Cook Strait ferry operation up for sale. There is no market failure on the Strait.
