Quote:
Originally Posted by Fairbanks
This is the same type of corporate partnership as as we saw with the construction of the Coquihalla Hwy. A joint venture between the BC gov and the builder. Once the bills were paid plus a lil profit the toll booths were removed.
The Golden Ears Bridge will continue to collect tolls until such time as the builder has earned back it's investment in the project.
The New Port Mann Bridge will toll in the same arrangement. A partnership between the BC Gov and the builder.
The "toll" or what VHFC is calling a surcharge of $12 each way will continue until Ledcor and The Clarke Group earn their investments back.
Is that enough of an answer to your question?
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No its not, becuase it is wrong. First, as OD pointed out this is not a government service, this is a business, the parallel between toll roads is not apt at all.
Second, Ledcor is an equity partner, they are not an operator, and as such have limited interest in the continuing operations. Ledcor is interested in getting their principle back with a couple of points tacked on. Their position as a JV perticipant is merely a product of the private company's sizable capital reserves and a desire to move the project forward.
Third, its $24, really who gives a damn... It represents what maybe 1/1,000,000 of the MLA's expense budget? I'd be more concerned with the possible damage it would do to business and recreational travelers.