Early Edition with Ryan Bridge

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

  1. 2 HR AGO

    Ryan Bridge: The CRL has to hit the ground running and forget its transitional timetable

    As far as conditions go ahead of a grand opening, you couldn’t do much better than a petrol price spike for the City Rail Link. Construction and testing will be finished within three months. Then it’s handed over to operators, who need another three months. So we can use it from September. Trains will depart every four to five minutes under the city. The cost? $5.5 billion. Half of that is funded by the Crown, so Gore — you’ve pitched in here. What’s more, Wayne Brown reckons the operational costs mean what would have been a zero per cent rates increase this year will instead be seven per cent. So it’s pretty bloody important — given the scale of the capital and operational spend, and the size of current petrol bills — that this thing happens: 1. As quickly as possible2. As conveniently as possible On the latter point, transport experts — train people — are sounding the alarm bells. That’s because AT is talking about a transitional timetable for the first six months, meaning fewer trains than we were promised. On the Western Line, train spacing could mean commuters end up waiting longer for their service than they do currently under the old system. That would be a disaster. This thing needs to sing in full voice from day dot — that’s when people will stress‑test it. First impressions are everything. If there’s no material difference from day one, people may simply write it off. So the pressure is on to get the CRL up and running sooner — and then operate it faster than the speed of sound. Achieving the goal of transforming drivers into train riders depends on it. And conditions have never been better. See omnystudio.com/listener for privacy information.

    2 min
  2. 1 DAY AGO

    Ryan Bridge: There's still too much uncertainty around mining

    New Zealand First’s mining policy hits all the right notes but ultimately is not worth the paper it’s written on. I’ll tell you why. On the whole, Kiwis don’t mind a bit of mining, so long as there are good jobs to be had in the right place — preferably not the middle of Milford Sound. Last year, the Government took in more than $250 million in royalties. But there was a poll we spoke about on this show just a few weeks ago: half of voters don’t think we get a good enough deal — a fair enough return — from mining companies. To pacify this problem, New Zealand First wants to give half the royalties back to the regions where the resources come from. It might get them blue-collar votes on the Coast, but it won’t fix the big problem we have, which is investment confidence. If you’re an international player with options and a world in front of you, the disruption, civil disobedience, and political uncertainty on display here don’t go unnoticed. It’s all very well having these pro-mining policies and fast-tracks, but if the threat of a Labour–Greens government hangs over your permits, what are they really worth? Prospectors have just been given a reminder of this in NSW, a state built on coal. Despite it being one of the state’s top exports, the Labor government is banning new mines. Much like the Labour–Green "Just Transition” for jobs in Taranaki, Labor NSW has invented the "Future Jobs and Investment Authority" to magic up replacement roles for miners in the Hunter, Central West, Illawarra, and North West. You’ll remember how well that went for us here in New Zealand. The irony of all of this is that the workers’ unions don’t like it. They’ve called out Labor there. They may back New Zealand First on the Coast here. But ultimately, it’s all rearranging deck chairs on the Titanic, because to have jobs you need investment. To have investment you need certainty. To have certainty you need bipartisanship — which we don’t have. See omnystudio.com/listener for privacy information.

    3 min

About

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

More From Newstalk ZB

You Might Also Like