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Andrew Dickens: The new ferries we know nothing about, but will be paying for · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: Tired of hearing about the fairies. We've been talking about
• 0:03
  Speaker 1: fairies all week long. In fact, we've been talking about
• 0:05
  Speaker 1: them for a year. So we're going to be talking
• 0:08
  Speaker 1: about fairies. The Herald's headline this morning is faery plan.
• 0:11
  Speaker 1: Light on key details, no kidding, like details on a
• 0:14
  Speaker 1: boat to wharf in a terminal. Basically that's everything about
• 0:18
  Speaker 1: about a faery. When Nichola Willis blew up Kiwi Rawl's
• 0:22
  Speaker 1: plan for new fairies a year ago, she promised a
• 0:24
  Speaker 1: better plan. Is this a better plan? So they're going
• 0:27
  Speaker 1: to form a new company to buy some fairies. No
• 0:29
  Speaker 1: news about which fairies, which fairies, what kind of fairies whatever,
• 0:33
  Speaker 1: They're going to form a new company. That's two seconds work.
• 0:36
  Speaker 1: Nothing about what's happening port side. Also an invitation to
• 0:41
  Speaker 1: private industry to come up with a better solution. So
• 0:43
  Speaker 1: let's review again. No new fairies, no new ports, no
• 0:46
  Speaker 1: ships ordered, and seemingly no idea that private industry already
• 0:50
  Speaker 1: provides a service that is Bluebridge. You're going to say,
• 0:53
  Speaker 1: maybe a private person could come up with some interest,
• 0:56
  Speaker 1: why don't you just close down the fairies and give
• 0:59
  Speaker 1: them all to Bluebridge, Because that's what you just said
• 1:01
  Speaker 1: Nikolai was Finance Minister Chris Hipkins said, this was an
• 1:06
  Speaker 1: announcement of an announcement. How rich is that. It's exactly
• 1:10
  Speaker 1: what we lampooned him for. But is it an announcement
• 1:13
  Speaker 1: of an announcement. It is rather because you know they've
• 1:15
  Speaker 1: got to still announce the ferries, the wharves and the terminal.
• 1:19
  Speaker 1: It was ideological. Don't you think the government came in,
• 1:22
  Speaker 1: saw government spending and this government doesn't make spending, so
• 1:25
  Speaker 1: they canceled it without thinking about the long term consequences.
• 1:27
  Speaker 1: It was an ideological These guys are sounding more and
• 1:30
  Speaker 1: more like the Labor Party every day when I talk
• 1:31
  Speaker 1: like this. This was not based on business practice or
• 1:35
  Speaker 1: financial logic. It's not on brand and it's harming reputationally.
• 1:40
  Speaker 1: Think about this as a business. They broke a contract
• 1:42
  Speaker 1: for ships that was a good deal. Breaking contracts not
• 1:46
  Speaker 1: good puts flag on head. Not to mention the break free,
• 1:49
  Speaker 1: which some people are saying could be as highest round
• 1:51
  Speaker 1: of mill. Now we have basically a company owned by
• 1:55
  Speaker 1: the government desperately in the market, and the providers of
• 1:57
  Speaker 1: new boats or second hand boats will go to these
• 2:00
  Speaker 1: guys a week. Aren't they look at their week in possession.
• 2:02
  Speaker 1: They're desperate for a boat. Let's sit in this piece
• 2:06
  Speaker 1: of rust. The government just needs a boat to save
• 2:09
  Speaker 1: their face. Sellers will no longer be sharpening their pencils.
• 2:12
  Speaker 1: Portside costs continue to escalate. This is a government that
• 2:15
  Speaker 1: prides itself on business acumen and ability of mergers and acquisitions,
• 2:19
  Speaker 1: and they've given themselves a weekend. Going forward, they don't
• 2:23
  Speaker 1: seem to know what to do, and so they're doing nothing.
• 2:26
  Speaker 1: And when they do do something, they won't have a
• 2:28
  Speaker 1: strong position for more from Early edition with Ryan Bridge.
• 2:32
  Speaker 1: Listen live to News Talks it be from five am weekdays,
• 2:35
  Speaker 1: or follow the podcast on iHeartRadio