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…

View original post 143 more words

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s