06-25-2015, 01:48 PM
(06-25-2015, 12:52 PM)BuildingScout Wrote: The devil is in the details. In some cases (a la 407, which strictly speaking wasn't a P3) the private operators have a say on the fees collected and were allowed to jack them up rather arbitrarily. So what at first seemed like a fair contract ends up being a license to print money.
The private buyers paid an astonishingly low price for that 99-year license to print--and the full power of the province to act as their de facto collection agency. How could they not make out like bandits? (Send your thank yous to "common sense" Mike Harris.)
On a somewhat different topic which also crosses into the high speed rail and other threads is this piece from tomorrow's G&M: Inside Bombardier's bellissima train division. It seems our trains could end up being "made" by a Chinese company. The discussion about HSR technology is also fascinating, not that we're likely to get any, any time soon.