Why is that alarming? Nature seems to have a way of sorting things out. Gone are the days when 4 or 5 kids, or more was common in a family. The planet is not short of people. Nothing alarming about it.
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https://www.stuff.co.nz/national/pol...d-cost-blowout
Finance Minister Nicola Willis says she has declined to provide $1.47 billion to continue Interislander's new Cook Strait ferry plan.
Alternative Cook Strait plan 'could take years to develop', as new ferry project sinks amid rising costs
Quote:
KiwiRail Chair David McLean said without the extra $1.47 billion, the state-owned company's plan to replace its Cook Strait fleet could not progress.
"An alternative suitable long-term solution could take years to develop," he said.
"Unfortunately, we cannot proceed without further Government funding. We respect the Government’s role as shareholder and funder to make this decision."
The first new ship was meant to be launched in January 2025. Hyundai Mipo Dockyard had already been contracted to build the ships.
Willis said the cost of the groundwork had increased beyond what she thought was possible. She described it as "a massive cost blowout".
When then State Owned Enterprises Minister Winston Peters confirmed the Irex plan in 2020, it was expected to cost under $1 billion.
On Wednesday, Willis said the latest briefing indicated it would cost $3 billion. She said she also had doubts about its "deliverability".
Willis said she had been told Hyundai had not yet started building the ships.
KiwiFail Railroaded .. counting the $ Billions in potential over-runs & extra junket that Labour were planning to spend going forwards ;)
Nothing like cutting the Cloth to the country's means :)
Time to trim the KiwiRail Board down to size yet ? ;)
https://www.nzherald.co.nz/nz/politi...FBAA4ZCNA6S5I/
Former Government’s infrastructure budget blowouts criticised in Auditor-General’s report
(paywallllled)
How's Robbo's Fiscal Hole feeling now with well over $13 B being outed by the Powers that be and now hung on the line to air ? ;)
A spendthrift wasteful bunch of hap hazzard spenders & squanderers weren't they ?
What banks were they going to rob to pay for this lot ? ;)
Yeah .. they sorted it well in true Labour style alright .. what an F&*k ^p every Labour Govt produces ;)
East Coast Rail line not much better & so well utilised too .. still laying in tatters - another write off ;)
Is there any large Labour infrastructure project that didn't turn to Sh*t with huge cost over-runs or other excuses for crisis moments .. ? ;)
Robbo must have been smiling so sweetly hoping no-one would twig to there being more Hole than threadbare red Grundy left covering the Country's Fiscal backside ;)
Cannot get more damning than this :
"Two of the former Government’s massive infrastructure programmes totalling $15 billion were rushed against the advice of officials leading to chaotic, costly blowouts just months after they were announced.
A little over a year after the projects were announced, the Government had to tip $1.9b in extra funding to keep the projects on track. Some projects, like the Mill Rd expressway, had to be culled entirely after doubling in cost a year after being announced.
Auditor-General John Ryan has today tabled a report into the NZ Upgrade Programme and the Shovel-Ready Projects, often abbreviated to NZUP and SRP. NZUP was originally given $12b and SRP was given $3b. The NZUP funded the likes of the Penlink, Mill Rd, and Ōtaki to North of Levin expressways, as well as the Melling interchange and a number of hospital and school upgrades.
Both projects date back to the first term of the last Government, when Labour was in office with the Greens and NZ First, the latter now being part of the new Government.
He found that ministers received ample warning from officials prior to NZUP projects being announced that some would struggle to be delivered on time and on budget."
And did Hipkins & Robertson learnt anything from the above?
Here's the answer :
https://www.1news.co.nz/2023/08/06/4...rows-on-roads/
https://pbs.twimg.com/media/GAxcrGsa...pg&name=medium
Yawn - for all your adoration and devotion to Clueless Cindy, she quit on you lot to save her reputation.
She is now enjoying life overseas (remember she wanted to spend more time with her precious daughter and her partner? Guess not, huh?) while you losers suck on the lemons she left for you dumbos.