Toronto, Vancouver, Calgary and Montreal airports are great examples in their crosshairs.
But they won’t sell the land, so opposition can’t technically call it privatization. They just lease it for decades and decades where private corporation decides everything and collects all the revenues.
Historically, these sort of deals by conservative governments are so much worse.
The 407 deal gave up what’s looking like 100 billion in potential revenue, for a one time fee of 3 billion dollars. No cap on fee increases, so we are at %1500 higher rates now or something. Now we have thermae at the waterfront, and the closure of the existing Science center site. We’ll see how much potential revenue is lost there.
This deal retains the land lease revenue I think, and the deal includes stipulation that protects travelers from raised fees.
Toronto, Vancouver, Calgary and Montreal airports are great examples in their crosshairs.
But they won’t sell the land, so opposition can’t technically call it privatization. They just lease it for decades and decades where private corporation decides everything and collects all the revenues.
Historically, these sort of deals by conservative governments are so much worse.
The 407 deal gave up what’s looking like 100 billion in potential revenue, for a one time fee of 3 billion dollars. No cap on fee increases, so we are at %1500 higher rates now or something. Now we have thermae at the waterfront, and the closure of the existing Science center site. We’ll see how much potential revenue is lost there.
This deal retains the land lease revenue I think, and the deal includes stipulation that protects travelers from raised fees.