Quote:
Originally Posted by afc wimbledon
PPP the province owns the bridge but the company that built it gets to toll for a specific period.
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Which bridge is that for? For the Port Mann, I thought the construction cost was funded entirely by the province, and they'd use tolls until 2050 to recover the costs. Since the NDP wants to eliminate the tolls, would they be able to do this if a 3rd party was getting the money?
For Golden Ears there is a payback time of 32 years. I think the tolls go towards this, as the funds were not paid up front by the province. If the tolls are not enough, Translink has to pay the shortfall. If tolls are eliminated, then I assume Translink would have to pay the full amount to the builders until 2040.