Here we go again! Councils undertake massive tasks, with consequent unsustainable debt, and some Mayors and Councillors reach for the public’s assets to help fill the void, and get themselves off the hook.
Meantime, on the sideline, salivating, are commercial interests wanting to take over great assets for long term, certain, major income flow.
Currently our Mayor and some Councillors are floating the thought that the vital Ports should be privatised. On 20th June, (NZ Herald, B5) Auckland Chamber of Commerce boss, Michael Barnett suggests adding Watercare to the privatisation list.
Added to that are the hoary old themes put forward by the self-interested ‘Infrastructure NZ’ organisation which purports to give a number of ‘virtues’ for selling Watercare Ltd.
What is both revealing and encouraging, is that in an article in the National Business Review (16.6.17), Tim Hunter dissects the ‘I N Z’ report, finds numerous errors in the report and in fact, pours scorn on it! Well done Tim and NBR!
Watercare and the Port are two of the region’s most valuable and important public assets, which must be kept in the control of the public, to whom they belong.
Water is an absolute essential of life, increasingly valuable and likely to suffer profit gouging by private companies, as demonstrated in many countries, including UK and France.
Mr Barnett feeds Council facile arguments about how to make the sales acceptable to the public, enlisting comments of the Prime Minister, and stating “Council would get a good price,” among other things, ignoring significant income that would be permanently lost to Council and ratepayers.
The Mayor and Council, Infrastructure NZ, and Mr Barnett, do not have a credible case for selling these valuable and essential public assets. Nor do any of them, (especially our elected representatives) have a mandate to sell our assets!
[This is an epanded version of a letter previously published in the North Shore Times.]