Posted May 5, 2017, 8:44 PM
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Registered User
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Join Date: May 2007
Location: East OV!
Posts: 24,556
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https://www.biv.com/article/2017/5/ndp-says-massey-bridge-cost-12-billion/
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Documents leaked to the NDP suggest the debt servicing costs on the $3.5 billion George Massey Tunnel replacement bridge total $8 billion
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Explanation:
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"As an example, if you bought a home for $750,000 today and pay it off over a 35- year period, you'll pay nearly $1 million in interest. You wouldn’t say you paid $1.75 million for the home. It’s the exactly the same principle for the Massey Bridge – and the reason we're doing it is to keep toll rates low for commuters.”
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