Rena Cost $130M?!

Forums › Off topic › Rena Cost $130M?!

networkn

18887 posts

Uber Geek
+1 received by user: 5437

Trusted

Lifetime subscriber

Topic # 96918 7-Feb-2012 16:23

http://www.stuff.co.nz/environment/rena-crisis/6377764/Rena-clean-up-bill-hits-130m

This is outrageous. Who is making all this money? The problem occurred in October, where is all the cost of this $130M coming from? Labour costs can't be significant, even if every person working on it was at $100K (Unlikely) unless everyone in the country was on it it can't just be labour. Obviously it's not, but someone is ripping the system blind in my opinion.

I'd love to see a breakdown.

nickb800

2104 posts

Uber Geek
+1 received by user: 385

Trusted

Reply # 578304 7-Feb-2012 16:49

Helicopters, planes, multiple large ships out there fishing out containers. Temporary accom and transport for salvors coming from other side of world with specialist equipment. I find it easy to believe.

Also, if you read the article, most of the cost is falling on the shipping line/ship owners or their insurers, so ultimately very little of this cost may fall on taxpayer

mattwnz

14480 posts

Uber Geek
+1 received by user: 1907

Reply # 578310 7-Feb-2012 16:55

nickb800: Helicopters, planes, multiple large ships out there fishing out containers. Temporary accom and transport for salvors coming from other side of world with specialist equipment. I find it easy to believe.

Also, if you read the article, most of the cost is falling on the shipping line/ship owners or their insurers, so ultimately very little of this cost may fall on taxpayer

Can't NZ only claim a percentage of that, unless they use our resource management laws. Obviously they need to spend the money now in it, and it is good to see that they have done a reasonably good job since they got onto it.

Disrespective

1801 posts

Uber Geek
+1 received by user: 125

Reply # 578371 7-Feb-2012 19:26

I heard a stat about a tug boat out there going full steam 24/7 holding the bow in place on the reef... the petrol on that alone can't be cheap. Then there is the chopper that has to fly out there and uses about 1000L of fuel each trip...

Things add up. I'm not surprised at all.

SandyJ

152 posts

Master Geek

Reply # 578443 7-Feb-2012 21:28

>>Environment minister Nick Smith this afternoon told parliament the majority of the bill paid for the salvage of fuel, cargo and the ship itself.

Im sure it will come in higher than that in the end. With normal crane hire bills going up to $1000 an hr I would hazard a guess at $100,000 a day for the crane ship. It will be backcharged to the company that owns the ship.

networkn

18887 posts

Uber Geek
+1 received by user: 5437

Trusted

Lifetime subscriber

Reply # 578473 7-Feb-2012 22:20

I dunno, I think people get blaise about money.

$130M is 130,000 x $1000 over say 2.5 Months!

I recall a while ago they had that suspected outbreak of mad cow or something on Waiheke was it, and 2 days came to $2M. I mean seriously.. HOW?! What could possibly cost $2M in 48 hours!

mattwnz

14480 posts

Uber Geek
+1 received by user: 1907

Reply # 578474 7-Feb-2012 22:23

networkn: I dunno, I think people get blaise about money.

$130M is 130,000 x $1000 over say 2.5 Months!

I recall a while ago they had that suspected outbreak of mad cow or something on Waiheke was it, and 2 days came to $2M. I mean seriously.. HOW?! What could possibly cost $2M in 48 hours!

But that money gets recycled back through into the economy in the form of taxes and jobs.

networkn

18887 posts

Uber Geek
+1 received by user: 5437

Trusted

Lifetime subscriber

Reply # 578475 7-Feb-2012 22:25

I would suggest a relatively small amount of that will stay in NZ, the majority will be going overseas where the most expenses would have been incurred.

My original point however, is how can this have cost $130M in the first place. I don't care who pays for it, I am saying someone is taking advantage if the cost even comes close to $130M.

codyc1515

1598 posts

Uber Geek
Inactive user

Reply # 578503 7-Feb-2012 23:50

nickb800: Helicopters, planes, multiple large ships out there fishing out containers. Temporary accom and transport for salvors coming from other side of world with specialist equipment. I find it easy to believe.

Also, if you read the article, most of the cost is falling on the shipping line/ship owners or their insurers, so ultimately very little of this cost may fall on taxpayer

I recall reading an article on stuff a few months ago about the container owners having to pay to get their cargo back.

mattwnz:
networkn: I dunno, I think people get blaise about money.

$130M is 130,000 x $1000 over say 2.5 Months!

I recall a while ago they had that suspected outbreak of mad cow or something on Waiheke was it, and 2 days came to $2M. I mean seriously.. HOW?! What could possibly cost $2M in 48 hours!

But that money gets recycled back through into the economy in the form of taxes

My understanding is that money from taxes goes straight into paying back the interest on loans the government has.

alienwithin

136 posts

Master Geek
+1 received by user: 15
Inactive user

Reply # 578540 8-Feb-2012 09:05

I recall a while ago they had that suspected outbreak of mad cow or something on Waiheke was it, and 2 days came to $2M. I mean seriously.. HOW?! What could possibly cost $2M in 48 hours!

actually it was foot and mouth, and it lasted 2 weeks, not 2 days, it involved 100 staff. cost easily build up. the equipment need for Rena does not come cheap and, nor do the workman whose job sees them on danger pay, nor will it come cheap when they have to bring in specialised divers. The only point that really matters is that the company is footing the bill and any that they don't the government will take them to court over. so who really cares how much it costs, as long as it is returned back to how it was prior the incident