Wednesday, April 08, 2009

Isn't the Standard funny?

with this. (and I don't support the cycleway at all)

So how about this?


Time: 9.5 months
Jobs created: 0
Additional freight and passengers carried: 0
Cost thus far: $1.07 billion (purchase plus capital injection)
Wealth created from purchase: -$242 million (Treasury rightdown in November, to be conservative.)
Money saved on road maintenance minus road user charges revenue lost: 0
Enrichment of foreign investors from the New Zealand taxpayers' pockets: $206 million (difference in what Toll paid and what Dr Cullen paid using your money to buy the same thing).

1 comment:

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