Quote:
Originally Posted by 5seconds
Does anyone know how that budget would actually work? It's $1.8 billion over 3 years, but with the recent P3 agreements for the ring road, the Province's initial outlay was only a few hundred million each. The full price of the SE and NE are spread over 30 years, not all at once.
Does an allocation this large mean that the Province might opt for traditional-delivery? Or is there some financial moves that will mean that money is available over the next 30 years?
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Well, the province has to buy the land it doesn't own/buy out the leases on the land it does own that it is turning over plus be ready for approval whenever it happens.
The $1.8 billion lets the province do whatever it wants within that amount, without having to get a second approval from the legislature for the portion of it allocated this fiscal year. How, what, when, is governed by a different financial control at Treasury Board (government ministers and MLAs only).
The government can go back after the fact and ask the legislature to approve spending that has already taken place as well, if there is a sudden opportunity or need.