|Quoting ZaphodHarkonnen (Reply 117):|
If you want AKL to have enough capacity to handle any possible increases in traffic you will need the central government to nationalize it and put a hell of a lot of taxpayer cash into it. This of course comes with its own risks. Or maybe the government needs to legislate that strategic infrastructure can only be run by not for profit companies that must reinvest all profits into staff or capital projects.
That's a little extreme. The airport was actually developing reasonably well and coherently through the 2000s, even beginning prelim work on the second runway. The GFC put a grinding halt to that - if my memory of timing serves - and since then I believe some changes in management have led to today's situation, of which I'm no fan.
|Quoting KiwiRob (Reply 118):|
Just what I said further up the page, floating AKL was a huge mistake, one the travelling public has been paying for since 1998.
How do you know this? The counterfactual - maintained Government and Council ownership - may have been even worse. The Auckland councils, pre-merger and since, have racked up some fairly gnarly debts. How were they ever going to finance the necessary expansion and improvements? Sell other assets? Charge for other, currently free services? Up the rates? Load on more debt? And who's to say they'd have done a better job or even agree to it?
Government, meanwhile, got a pretty tidy sum as a result of the sale, using it for other things we benefit from. And as majority shareholder it suddenly becomes a political football, potentially a plaything for a forceful individual minister with other interests. Who knows?
And afterall, it was under Council and government ownership that they built two separate (three, even!) passenger terminals in the first place. Hardly a bastion of foresight and planning.
Remember, the last Labour Government put the kibosh on the Canadian pension scheme seeking to buy the airport whole. They're an investor known for long term planning and a solid history of infrastructure investments. But no, we got all nationalistic all of a sudden.
Yes, AIAL need a kick up the bum. As a customer, and maybe a shareholder, you can help do that by raising your voice to them. Infratil do too, for that matter. The cheek of trying to squeeze rates and tax payers for two thirds of the runway expansion costs for only one third the ownership. Prfth.
[Edited 2016-01-18 04:47:40]