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16 Kommentare
Paywall bypass: https://archive.ph/ffTIS
Something I’ve wanted an excuse to rant about: the discussions about the cost. Is $90 billion on the high end a lot? Yeah. We’re not fronting all of that with taxpayer money, though.
This is a public-private partnership. Cadence is footing a good amount of the bill too. One of the members of the consortium, CDPQ Infra, built the REM in Montreal under a similar structure. They paid a majority of the costs to have skin in the game and to get rewarded for getting this project done.
We’re not paying a bunch of companies to sit around and play with taxpayer money for a decade. If they don’t build, it’s their money being wasted too. This is also why the Conservatives and the Bloc can’t just cancel this all of a sudden.
Lets also remember a good amount of that money is going right back into the economy to pay workers in the AEC and manufacturing industry. Make sure there‘s clear rules and an auditing process, but lets not cancel this due to being our typical stingy selves.
Another thing about the cost is that this isn’t just throwing money at the wall. Anyone who thinks that major infrastructure investments are going to be cheap is kidding themselves. That doesn’t mean we should avoid them.
How about just building dedicated normal tracks for passenger rail. The major problem currently is that passenger rail takes second priority to cargo rail.
Canadians deserve HSR. We’re already so behind countries like Germany, UK, Japan, etc. when it comes to this.
„as fears …. mount“ – fear is what holds Canadians back. love them or hate them, the Americans are sending 4 people to the moon in basically a minivan. Canadians need to stop arguing amongst ourselves and take some big swings or we will end up the 51st state.
here is the napkin math:
spending 90b in deficit spending to build this while long term interest rates are ~4% puts the interest cost of this project at around 3.6 billion.
currently there are ~50 daily service between toronto and ottawa / montreal, that is around 20k people both way if you assume each plane can carry 200 people.
if we charged everyone 200 dollar per trip, and demand doubles to 40k people both ways, the service can bring in 8 million dollars a day, or ~3 billion dollars a year.
That is not enough to cover the interest cost and does not include operating cost for a line like this.
I agree that public service like this don’t need to be profitable, but they should at the very least cover interest cost, it would be a burden for us and our future generations if we keep building money pits like this.
The country should be doubling down on regional transit before inter regional connector like this.
Well, it would have been cheaper if we built it 25-30 years ago. That’s why vision and planning are so important. We can wait until it costs 180 billion, or we can get on with it.
I am seeing a lot of support for this project here on Reddit. Highly encourage yall to get loud and email in your support so it’s not just the NIMBY or blocker voices.
Email your liberal representative. Email your Conservative ones. Heck even bloc and NDP.
Email the alto team to affirm support
There’s no fear. There’s no criticism from anyone else other than NIMBY’s or communities like Brockville and Kingston who think they deserve it more.
Build the goddamn thing and move the country into the 21st century.
Honestly, what is it with the anti-development mentality in Canada? Every mega project seems to run into a bunch of needless bottlenecks. There is no valid criticism against having a high speed rail on the proposed corridor. Not one.
Infrastructure projects with long lasting positive impact on our country are critical to the growth of our economy and improved quality of life of our citizens. Any politician trying to create doubt and confusion about progressive projects intended to make the country better should resign immediately and should be held accountable for their total failure to have the interests of Canadians at heart. It is high time for Canadians to stand up for their interests and push to have projects delivered on time and on or under budget. Calling nation building projects “boondoggle” is not the way politicians should speak and this type of rhetoric should be disqualifying. Media talk about how all projects will fail to be successfully managed on time and on budget is toxic and unacceptable. Canadians have the power to make the changes necessary to ensure that we hold each other accountable for our commitments and our work ethic. We must stop expecting to fail. We also must stop overpaying corporations and stop electing incompetent politicians.
This is why they should have done Toronto to Montreal as a first phase. That’s where the biggest need is, it would have limited the NIMBYisms, and the benefits would have been evident in no time. That makes expansion much more palpable to and an easier sell.
Well it’s the consequence of still persisting with the P3 model and why this endemic in the anglosphere
Trains are necissary infastructure for a fuctioning first world society. Anyone who tells you differently has fallen for oil copmpany propoganda. All the best countries without oil companies have train networks and they are amazing. Even the people that want to drive love them becasue all the old people and nervous drivers are off the road.