Quote:
Originally Posted by misher
it should take a really good reason to halt it. Just because it was started by the last government is not a good reason. When you takeover for an employee in a company you don't halt/cancel their ongoing projects (which would usually make your boss fire you), you continue through with them.
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There is a very good reason to halt it -- the fiscal capacity of the province. At nearly $4b, this would be one of the largest capital projects in BC's history. Going ahead with this and Site C means there is no money left for anything else, lest the government decide to raise taxes or allow the province's credit rating to be downgraded.
Given the significant risk of Site C going over budget, potential ICBC bailout, uncertainty surrounding tolls and mobility pricing, increasing interest rates, significant risk of economic downturn due to tariffs and rising fuel prices, potential negative impacts on government revenues stemming from a slowing residential real estate sector, and the unwillingness of the feds to contribute a dime to the project, I'd say that the current government is being fiscally prudent.
Just because the government has (likely) cancelled the project doesn't mean they don't like it, for all the reasons listed by other forumers. It simply means they have to manage a lot of other priorities, as well. Perhaps a twinning of the tunnel isn't ideal, but governments have to make compromises as the fiscal tap isn't unlimited. Prudent governments don't pull $4b projects out of thin air. This project has never been on the radar of any regional or provincial plans.
Re-evaluating the project in light of the above concerns doesn't seem unreasonable, even if it was a sexy project.