Stuff reports: "Transmission Gully could be one of a host of shelved projects to get the green light under a radical idea that would see KiwiSaver funds channelled into long-term strategic infrastructure assets.
The brainchild of Tower Investments chief executive Sam Stubbs, Public KiwiSaver Partnerships (PKPs) would allocate a proportion of funds directly into core infrastructure projects, freeing up government cash for investment in goods and services."
Well nice idea, if the investments were profitable. Commercial enterprises make sense of course, but Transmission Gully? What's he on?
Tolls wouldn't pay for more than 10% of the road, there isn't enough money in the National Land Transport Fund to pay for it either, so is he suggesting that taxpayer funds be poured into a road (lent to pay for it) that taxpayers would have to pay for? A road that users can barely pay a fraction of the cost of isn't profitable.
Sorry Sam, try again.
The brainchild of Tower Investments chief executive Sam Stubbs, Public KiwiSaver Partnerships (PKPs) would allocate a proportion of funds directly into core infrastructure projects, freeing up government cash for investment in goods and services."
Well nice idea, if the investments were profitable. Commercial enterprises make sense of course, but Transmission Gully? What's he on?
Tolls wouldn't pay for more than 10% of the road, there isn't enough money in the National Land Transport Fund to pay for it either, so is he suggesting that taxpayer funds be poured into a road (lent to pay for it) that taxpayers would have to pay for? A road that users can barely pay a fraction of the cost of isn't profitable.
Sorry Sam, try again.
1 comment:
The article also mentioned that high growth economies have recycled superannuation or pension funds into long-term strategic assets. Britain for e.g. has invested in hospitals airports and roads.
I don't believe that the high growth is caused by the investment into these strategic assets, instead the growth came first generating the funds to "invest".
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