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by ahartmetz 3 hours ago
The one good thing is that they failed to take it private. Imagine how bad it would be with the current maintenance backlog and no public funding.
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The New Zealand government sold their rail system, then Toll didn't make a success of it, so the government bought it back at a massive loss.

Now rail is just a nightmare moneypit. But older voters love rail "it's efficient" so the government panders to them and wastes more taxes on it.