Quote:
Originally Posted by djforsberg
From the release:
What is the point of this? Taxpayers gain nothing from this gift to private interests. This is nothing but an accounting trick to make it seem like its better for us, but we clearly will end up paying more since the third party will demand a profit and borrows money at a higher rate than the province can.
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The only way this benefits is if there a transfer of risk to the proponent. Most of the risk is in construction, but it does not say the private entity is doing that.