Since actual annual payments are almost 3x the contractual obligation, it looks like the $400 million Sea to Sky Highway improvement project will involve payments to the private partner of $1.5 billion. And remember, the province financed one third of the project’s construction cost while the P3 financed two thirds…
It wasn’t on budget for the public but probably was for the private companies hidden behind the Sea-to-Sky Highway Investment Limited Partnership. Liberals are masters of public finance in one particular way. They deliver opportunities to deal makers and deal flippers, with details of all transactions hidden from view. It wasn’t long before the first flip happened on the Sea-to-Sky project.
Almost a year ago, blogger Laila Yuile reported on retaining wall defects along the Sea to Sky Highway. Pictures were included: Troubling photos spark Ministry of Transportation inspections of Sea to Sky […]
Mark Hume of the Globe and Mail paid attention to Laila Yuile’s “Shadow Tolls” story and the Globe online provides for an interesting and relatively unmoderated discussion. The PAB-bots are quick to […]
Fellow ‘Wingnut’ blogger Laila Yuile has been demonstrating the government’s secret payment of shadow tolls on the Sea to Sky Highway, and probably other transportation projects. The BC Liberals tried to brush […]
Squamish newspaper The Chief examined evidence put forward by Vancouver power-blogger Laila Yuile and statements of PAB media spokespersons with the Ministry of Transport. Document reveals Sea to Sky Highway being ‘shadow’ […]
What’s in a name? that which we call a rose By any other name would smell as sweet; Laila Yuile offers another chapter in her reporting about Shadow Tolls. It seems the […]