by David Benton
In what may be the worlds latest govt buyout of a private railway , here in New Zealand , the govt was roundly criticised for paying to much to the private company it brought the network off . ( that it was an Australian company didnt help public opinion ) .
i doubt youll find any govt ,( outside the likes of North Korea ) , that would dare paying less than market value , for a companies assets it was buying . What every govt needs is private investment in their country , and of course private companies paying taxes .
Noone is going to invest money / do business in a country where the govt is likely to nationlise or otherwise takeover assets without fair compensation , and governments should be well aware of that .
i doubt youll find any govt ,( outside the likes of North Korea ) , that would dare paying less than market value , for a companies assets it was buying . What every govt needs is private investment in their country , and of course private companies paying taxes .
Noone is going to invest money / do business in a country where the govt is likely to nationlise or otherwise takeover assets without fair compensation , and governments should be well aware of that .
Moderator worldwide railfan , Rail travel & trip reports
The only train trips I regret are the ones I didn't take.
The only train trips I regret are the ones I didn't take.
