Quote:
Originally Posted by RicoLance21
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Well $450 million in additional funding will be ready when the city is ready to move.
Over above whatever comes of MSI (which now includes a rolled in provincial gas tax amount) after the contractual obligations by the province are done, minus the Airport tunnel plus interest, the New Building Canada Fund and federal Gas Tax Fund (around a billion over 2014-2024).
So with a bit of padding from this year's provincial school tax cut, the existing RouteAhead fund, the provincial top up thingy from today, and the Building Canada Fund you might be able to do the full SE LRT. Without much innovation in financing. If there is debt room left, could use the tax supported funding to support debt entirely over 30 years.
Rough accounting:
$1,400.00 30 years of tax supported debt at 3.64 % ($77.08 million a year with lifetime $912.40 million in interest)
$450 GreenTRIP and loan (borrowing from future MSI)
$1000 Federal Grants
I think that may be just enough to do it. Feds will have a love hate with it though, with so much funding going to only one project. Proportionally it would eat more federal grant room than the Canada Line did in the lower mainland. The Jason Kenney Line anyone?
That would leave future unallocated MSI to spend on other things. If
The SE LRT will still need its a new conceptual design then detailed design. Then costing and P3 screen. Summer 2017 ground breaking anyone?