Public-Private Partnerships may not be the bargain we have been led to believe.

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Public-Private Partnerships may not be the bargain we have been led to believe.

ookpik Offline

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Posts: 698
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#10

12-12-2014, 09:48 AM

Auditor questions LRT partnership

Quote:Taxpayers are paying a $48-million premium to have GrandLinq help finance rail transit, which launches in 2017. This represents the higher interest rate the partner charges to lend to taxpayers over 30 years, compared to the lower interest rate the government can get in the open market...

Lysyk revealed Tuesday that taxpayers have paid an extra $8 billion to have private partners deliver 74 public projects including local rail transit and the new Kitchener courthouse. Mostly this is because partners charge higher interest to lend money to taxpayers.

(my emphasis)

Note that $48M out of $1.9B is a 2.5% premium.

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Messages In This Thread

Public-Private Partnerships may not be the bargain we have been led to believe. - by Drake - 12-10-2014, 07:18 PM

RE: Public-Private Partnerships may not be the bargain we have been led to believe. - by Drake - 12-10-2014, 07:19 PM

RE: Public-Private Partnerships may not be the bargain we have been led to believe. - by BuildingScout - 12-10-2014, 07:23 PM

RE: Public-Private Partnerships may not be the bargain we have been led to believe. - by plam - 12-10-2014, 09:50 PM

RE: Public-Private Partnerships may not be the bargain we have been led to believe. - by Viewfromthe42 - 12-11-2014, 09:03 AM

RE: Public-Private Partnerships may not be the bargain we have been led to believe. - by MacBerry - 12-11-2014, 11:03 PM

RE: Public-Private Partnerships may not be the bargain we have been led to believe. - by nms - 12-12-2014, 12:15 AM

RE: Public-Private Partnerships may not be the bargain we have been led to believe. - by JoeKW - 12-12-2014, 12:24 AM

RE: Public-Private Partnerships may not be the bargain we have been led to believe. - by Viewfromthe42 - 12-12-2014, 09:13 AM

RE: Public-Private Partnerships may not be the bargain we have been led to believe. - by ookpik - 12-12-2014, 09:48 AM

RE: Public-Private Partnerships may not be the bargain we have been led to believe. - by JoeKW - 12-13-2014, 11:22 AM

RE: Public-Private Partnerships may not be the bargain we have been led to believe. - by BuildingScout - 12-13-2014, 12:03 PM

RE: Public-Private Partnerships may not be the bargain we have been led to believe. - by mpd618 - 12-13-2014, 05:15 PM

RE: Public-Private Partnerships may not be the bargain we have been led to believe. - by BuildingScout - 12-13-2014, 07:33 PM

RE: Public-Private Partnerships may not be the bargain we have been led to believe. - by numberguy - 09-03-2015, 07:44 AM

RE: Public-Private Partnerships may not be the bargain we have been led to believe. - by tomh009 - 09-05-2015, 03:59 AM

RE: Public-Private Partnerships may not be the bargain we have been led to believe. - by numberguy - 09-06-2015, 11:49 AM

RE: Public-Private Partnerships may not be the bargain we have been led to believe. - by tomh009 - 09-06-2015, 12:21 PM

RE: Public-Private Partnerships may not be the bargain we have been led to believe. - by numberguy - 10-10-2015, 12:08 PM

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