Good article in today’s Herald from Sam Buckle of the New Zealand Shipping Federation on how the profit motive does not apply to roading.
For some reason, the management of our roading infrastructure has avoided the scrutiny applied to other state assets and services. We apply commercial models to the electricity network, we invite commercial behaviour into our health and prison sectors, but when it comes to road transport, everybody’s a socialist.
Read the Rockpoint Corporate Finance report, on which this article was based, here.
