Posted Nov 7, 2009, 5:19 AM
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Registered User
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Join Date: May 2007
Posts: 11,595
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Those transit expansions, there was no extra special money from other levels of government for it (to my knowledge, I know for certain there wasn't in Calgary and Edmonton).
The main difference is the impetus at city council level that creates a willingness to take on debt. If Ottawa was willing to borrow a billion dollars, the rest of the money could be found within the existing project envelop from the other levels of government. If the project is going to let Transpo streamline services and save a bunch of operational funding, the savings alone could service a large debt.
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