Quote:
Originally Posted by FutureofHalifax
I don't understand the relevance of the question - can you explain? If it is a foreign company that owns the 3rd bridge what difference does it make if the construction of the bridge is done without the use of tax dollars?
The entire purpose for Canada's Infrastructure Bank is to let communities like Halifax build something like a 3rd bridge that it needs - but doesn't have a large enough tax base to fund themselves because of other more important perceived political priorities.
Safety, smooth flow of people and goods, improved and meaningful public transit, a proper ring road; are the issues that matter and a 3rd bridge allows this to happen and Canada's Infrastructure Bank gets it done!
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My concern, perhaps unfounded, is that if we allow foreign private concerns to own a key piece of public infrastructure then we open ourselves to the possibility of issues that wouldn't happen if it is owned by the government.
Just a few potential issues, off the top of my head:
(1) Maintenance/repair - if the company fails to properly maintain or repair the structure, what happens? Do our tax dollars go to repair something that is owned by a private concern? What if Canada's currency becomes strong again, does that mean that maintenance will be deferred because it doesn't have a strong business case?
(2) Tolls - if owned by a private concern, do they have the ability to raise tolls at their will to increase profitability?
(3) Expansion - if at some point capacity needs to be increased, such as has been done on the Macdonald, how successful can we expect to be to lobby a profit-driven concern to invest heavily to improve functionality for the local population?
I'm sure there are more if a person were to take the time to examine the situation more closely.
Is there not any concern about any of this? Are there any other examples in Canada where this has been done, and how successful have they been?
I agree that a 3rd crossing (and a Northwest Arm bridge to coincide) would be an asset, but I can't help reading your post like an advertisement for Canada's Infrastructure Bank...