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.

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