Fun Fact: Port Mann Debt = 40 percent of referendum transport package

Surprise, surprise…

Price Tags

From the Vancouver Sun:

The number of drivers taking the tolled Port Mann Bridge steadily declined last year, as the Crown corporation’s debt continues to swell to a projected $3.61 billion this year.
Once it gets to $3.75, it’ll be half the capital costs of all the projects proposed by the Mayors – everything from a Broadway subway to a new Pattullo Bridge.
Not to worry. “Government insists it will pick up this year”
Considering traffic volumes, economic and population factors, including a million people coming to the region in the next twenty years, TI Corp. estimates long-term traffic growth on the Port Mann Bridge will grow at a rate of approximately 2.5 per year. It’s also counting on drivers tiring of long commutes to take alternate bridges, and coming back to the Port Mann.
However …
The corporation has said it won’t increase tolls beyond the rate of…

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