Rail Link in 2020? SOE sale cash gone by 2017

The money raised by asset sales is due to be spent by 2017 – making a mockery of John Key’s claim that the City Rail Link will be paid for from SOE sale proceeds, says Labour’s Finance spokesperson David Parker.

“Bill English said in 2011 that the proceeds from assets sales – dubbed the Future Investment Fund – would finish by 2017[1].
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Rail Link: Asset sales funds gone by 2020

National’s claim that asset sales will fund the City Rail Link is yet another false attempt to justify their SOE sell-off, as that money will be long gone by the 2020 start date, says Labour’s Finance spokesperson David Parker.

“National has milked the asset sales funds to cover almost everything it does, depending on what its polls say. They seem to think the money can be spent time and time again like it grows on trees.
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