Quote:
Originally Posted by Bdog
I'm interested to find out where the city gets the money to do these projects within 4 years. Assuming there is no inflation and the projects don't go over-budget, $300 M is almost an entire year's capital budget. And I'm pretty sure the city has limits on the amount of projects they can build as P3s.
|
Well, if they can show a net benefit to the 'national economy' by 'supporting development at CentrePort Canada' then they could make a pitch to the feds...
Besides, didn't the city receive money from the Federal "Building Canada" infrastructure fund; that money was supposed to go towards phase II of the rapid transit line, but is now instead being funneled toward roads. Further to that, the mayor said that the city could go after "new federal funding" for the rapid transit line.
(story is a bit dated, but shows what I'm talking about).
http://www.winnipegfreepress.com/opi...116641668.html
Winnipeg Free Press - PRINT EDITION
What will the city do with $189 million?
Infrastructure bucks could go a few ways
By: Dan Lett
Posted: 02/22/2011 1:00 AM | Comments: 1 (including replies)
BORIS MINKEVICH / WINNIPEG FREE PRESS ARCHIVES Enlarge Image
...
Bus rapid transit. Recreation centres. CentrePort. Roads and bridges. And now the Winnipeg Convention Centre.
Which project will be the beneficiary of $189 million of unspent infrastructure funding from the three levels of government that remains, on paper at least, sitting on the table collecting dust? Each week, new rumours arise about what it will be spent on, but officially, officials from the city, province and federal government refuse to confirm any of what, for now, is just talk.
The money in question, assembled as part of Ottawa's tripartite Building Canada Fund, was originally targeted for Phase 2 of the Southwest Transit Corridor, the bus rapid transit line that will eventually connect Main Street to the University of Manitoba's Fort Garry campus.
...