The Bracks Government today announced that it was buying back it’s lease with Pacific National to operate the Victorian country rail network. This nationalisation sets a horrible precedent. Instead Pacific National bearing the burden of an under-utilised rail network, now Victorian taxpayers are going to bear the burden.
Pacific National has blamed poor grain cartage, which makes sense considering there has been three years of drought and low harvest yields. But for the Government to take the ownership back makes no sense at all.
It’s a worry that Bracks may well use this third term to buy services which are better and more efficiently run by the private sector. Further, racking up a hefty debt to pay for it all.
What could be next on his wish list?
Rex Connor, eat your heart out.