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35 days ago

The Loco Loco Yet Again

Graeme from Frankton

I am currently out of the country , but the other day I saw that NZTA have agreed to extend the Loco Loco 'trial' by another 2 years . They have reduced their contribution from 70-odd percent , to 60 percent . So their contribution is now $12.2 million for the next 2 years .

Now work that out . That means the cost for 2 more years is 'only' $20million , of which 'we' pay all of , one way or another .

That is $10 million a year , or $833,000 a month , or $200,000 a week , or $30,000 a day . That is how much it is losing . $30,000 a day . 7 days a week . ( Does it run on a Sunday ? ) . I doubt it gets 300 passengers a day , so that is $100 a passenger a day IT IS LOSING . Yes , every day they light a bonfire , and throw on $30,000 !

But wait -- theres more ! It has already cost about $120 million so far . Over $80 million of that is the capital costs , which are basically worth nothing .

So calculate the capital cost , and the on-going losses , and the $25 return ticket is actually costing ratepayers and taxpayers close on $500 . Per Person . Per Day . For another 2 years !

It is never , ever , ever going to get anywhere near break even , so these geniuses for some reason decide we'll throw more money at it for another 2 years .

Even Len Brown says it should be cancelled ( and he always struck me as being not the brightest , and 'left wing' ) , as does Luxon , Seymour and anyone who knows even the slightest about running a business , or logic , or common sense .

Why , oh why ?

More messages from your neighbours
1 day ago

Here's a mystery at your doorstep: Solve this riddle neighbours!

Riddler from The Neighbourly Riddler

What cannot talk but will always reply when spoken to?

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3 days ago

Poll: Is it still rude to wear a hat inside?

The Team from Neighbourly.co.nz

Times have changed and perhaps so has our societal rules around taking off hats when indoors. What are your thoughts?

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Is it still rude to wear a hat inside?
  • 73.9% Yes, take them off indoors
    73.9% Complete
  • 24.9% No, it's not anymore
    24.9% Complete
  • 1.2% Other - I'll share below
    1.2% Complete
2379 votes
3 days ago

Are there roads you don't like to drive on in the Waikato?

Libby Totton Reporter from Waikato Times

Once a year Jeff Penno removes drawing pins from a wall map pinpointing serious and fatal crashes his crews have attended, and starts again.

It’s a poignant reminder that not all our roads are up to the standard of the Waikato Expressway - which is so safe the Waikato road policing manager doesn’t need to deploy his team there regularly.

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