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Snapper card faces uncertain future as NZTA pushes to have Auckland's Hop card in Wellington
http://www.stuff.co.nz/business/7463...-in-wellington
Snapper, which is already on more than 300 Wellington and Hutt Valley buses, is expected to be among those bidding to provide the smartcard technology when Greater Wellington Regional Council opens the contract up to tender.
But their chances of success look slim after the New Zealand Transport Agency wrote to the regional council stating its preference that Auckland's system be extended to the capital.
The agency also proposed that its wholly-owned subsidiary company, New Zealand Transport Ticketing Limited, be directly appointed to provide the $50 million Wellington network, as it does in Auckland.
The door was left open for the regional council to chose a different technology provider, but the agency said that company would have to represent better value and less risk than simply bringing the Auckland system south.
It's great to see an open and transparent tender processes where the preference for outcomes are clearly directed by the NZTA prior to tenders being issued. I'm not sure why there even needs to be a tender process in light of the NZTA's comments.
One of the requirements for the Thales based system was that other providers could plug into the back end infrastructure, however this appears to be a moot point.
Other regional councils are also being "encouraged" to adopt the Auckland Hop system, so we will gradually see one uniform system across the country.
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Member
The thales system is overseas owned,profits flow out , I betwith little tax paid. The NZTA is stupid and we only get half the story.
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I contacted IFT to see what percentage of profit snapper brings and was told that it contributes a small loss. So I bought in at $3.08, which I'm happy about
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Looks like Infratil missed out on Pacific Hydro,now what?Infrastructure assets values getting too rich again?
http://www.afr.com/street-talk/china...0151216-glon5a
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 Originally Posted by kiora
http://home.nzcity.co.nz/news/article.aspx?id=218334
Looks like the focus is still in Australia and on renewable energy. They're hinting at some sort of start up.
Bearing in mind too, Trustpower's proposed split and that they've already put out the need for "large amounts of capital" to grow the wind/ solar half - the unimaginatively monikered "Newco." Some partnership deal in that regard wouldn't be a huge surprise.
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Originally Posted by Hectorplains
http://home.nzcity.co.nz/news/article.aspx?id=218334
Looks like the focus is still in Australia and on renewable energy. They're hinting at some sort of start up.
Bearing in mind too, Trustpower's proposed split and that they've already put out the need for "large amounts of capital" to grow the wind/ solar half - the unimaginatively monikered "Newco." Some partnership deal in that regard wouldn't be a huge surprise.
Yes HP,greenfield wind power development may be more value creative than buying Pacific Hydro at OTT valuation.I thought infratil where suggesting it was worth $2b. It looks the great wash up of cheap Chinese money again.
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Infratil's December up-date makes interesting holiday reading for IFT shareholders - and for other electricity gentailer investors.
http://www.infratil.com/assets/Uploa...&utm_term=here
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Very timely. Thanks macduffy.
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Member
I was going to reinvest in IFT but after reading the newsletter changed. Many of the facts are incorrect and solar is making big inroads to energy supply both overseas and in NZ. Those that are in the industry do not see changes coming usually and IFT are in that position. The costs of solar are overstated by about 50% as are the need for wires. Rapid change is occurring in the energy industries and it is a high risk industry.
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