Will light rail go the way of Michael Wood’s Auckland airport shares?

Auckland Light Rail CEO Tommy Parker, transport minister Michael Wood and ALR project director Tom Ireland at the first drill site for the project. (Image: ALR)

Dileepa Fonseka

Thu, 22 Jun 2023

When prime minister Chris Hipkins was throwing policies on the bonfire, Michael Wood reportedly clutched to light rail like it was an Auckland airport share certificate. Yes, Michael Wood will probably go down in history as an MP unusually obsessed with investing in the New Zealand stock exchange, but in the times before all of that, he was also well-known for being abnormally attached to something else: tunnelled light rail in Auckland. People close to the project have reported Wood was constantly asking for project updates and kept...

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