Quote:
Originally Posted by jlousa
I'm really on the fence about their request for more funds, I can't wrap my head around why they need an extra $260Million/yr just to maintain status quo. I like what's in the $450Million/yr plan but think they need to take an closer look at their balance sheets and trim some fat.
|
I wondered the same too, so I looked into their business plan, and this is what I've found:
Interest... 65mil/year for Golden Ears Bridge and 17mil/year for additional borrowing made last year
Depreciation... 65mil/year for Canada Line, 32mil/year for Golden Ears Bridge, 11mil/year for the new buses goes into service in 2008, and 41mil/year for the new buses, trains, and seabus goes into service this year.
Add them all up, that gives 231mil/year of additional cost.