G
27 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
2 hours ago

Discover the Flavours of India with Our Indian Cooking Class!

The Team from Fraser ACE Adult Community Education

Join us for an exciting 8-week journey into the world of Indian cuisine! Led by our talented tutor, Shri, this class will teach you to prepare delicious and authentic Indian dishes that will impress your family and friends.

Whether you're a seasoned cook or a beginner, you'll enjoy learning the secrets of Indian spices, techniques, and recipes in a fun and friendly environment.

Don't miss out on this flavourful adventure! Enroll now and bring the vibrant tastes of India into your kitchen. Spaces are limited, so sign up today!
Find out more

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2 hours ago

Here's another riddle for you!

Riddler from The Neighbourly Riddler

What dies after drinking water?

Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.

Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.

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2 hours ago

Check the list!

The Team from Neighbourly.co.nz

We've pulled four names this week of members across the country. The winners of the $100 Mitre10 cards are:

Cynthia Chozas from Botany Downs

Mabel Dawson from Stratford

Michael Pascoe from Amberley

Sarah Gebhard from Nelson

Winners can get in touch here or by emailing helpdesk@neighbourly.co.nz before 25th June.

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