Keine Aufteilung der Mautgebühren für die Gordie-Howe-Brücke, bis die Schulden zurückgezahlt sind, sagt Carney
No sharing of Gordie Howe bridge tolls until debt is repaid, Carney says
Keine Aufteilung der Mautgebühren für die Gordie-Howe-Brücke, bis die Schulden zurückgezahlt sind, sagt Carney
No sharing of Gordie Howe bridge tolls until debt is repaid, Carney says
37 Kommentare
[deleted]
I’m really confused, he said we’re not splitting the tolls, were splitting the revenue, but how else does it make revenue, other than tolls?
He did everything but ask the reporter if they knew what “net profit” meant. lol
Yea the deal with the states was to split the profit. There wont be profit for decades.
>“We will split net revenues over the course of the first 15 years and those net revenues are **after operational costs — it’s manning the toll booth, it’s maintenance, it’s snow removal, a series of other operational costs**. We expect that after those costs for the first few years, net revenues will be modest.
So no, debt repayment is not deducted to the amount before it’s split with US.
Between how often Trump and Carney both lie I have no clue who to believe
Famous last words. [Carney says Gordie Howe bridge will open this week](https://www.cbc.ca/news/politics/gordie-howe-bridge-open-9.7228238)..
I bet this deal is excellent if you rename the bridge to Donald Trump Bridge.
Liberal double speak, dont let this one slide, hopefully we can get real journalism that follows the money
But Donald doesn’t understand paying off one’s debts!?!
Im laughing my my ass off at conservatives that were attacking Carney over this. We are getting our due. Assholes.
„Oh they got this all wrong.“
*No, sharing of Gordie Howe bridge tolls!*
Is this what politics have come to? Public money is involved and both sets of leaders are giving vague answers aimed at placating their voter bases, while general public are left to guess and read between the lines. What a sham. Carney did not actually answer the key question, which is whether profits are split before or after debt payments.
> “It’s not splitting the tolls of the bridge. It is an agreement for 15 years to split net revenues. Splitting of tolls, any sharing of the toll, won’t happen until all of the debt is repaid,” Carney told reporters on Thursday.
> “We will split net revenues over the course of the first 15 years and those net revenues are after operational costs — it’s manning the toll booth, it’s maintenance, it’s snow removal, a series of other operational costs. We expect that after those costs for the first few years, net revenues will be modest.
FOR FUCK SAKE he’s contradicting himself within 2 paragraphs. Operational cost does not include debt repayment nor interest. So can he fucking tell us what is going on for once. Why not show the actual text of the agreement instead of this bullshit.
All the US wants it to create the perception they have won. They have done this and don’t care about the facts.
Cusma will be the same.
Carney could clear this all up very easily by releasing how „net revenues“ or „net profits“ are calculated within the terms of the agreement. Without understanding how this metrics is actually defined, we can’t conclude on whether repayment of capital to Canada is part of this figure or if we are recovering our costs after the US takes 50%.
Any significant agreement where parties receive a share of cash flows contains a concrete definition of how this metric is calculated. It would be bad business to enter into an agreement where this wasn’t clearly defined, and Carney understands this.
There is a reason he is not releasing the actual contractually-defined calculation, and there is a reason he keeps using different terminology each time he talks about it. Most voters will never read a joint venture agreement in their lifetime.
People are slinging mud in here depending on who they like but Global News should retract this entire piece or be much more clear that if Carney said what he said, he’s contradicting himself.
>“It’s not splitting the tolls of the bridge. It is an agreement for 15 years to split net revenues. Splitting of tolls, any sharing of the toll, won’t happen until all of the debt is repaid,” Carney told reporters on Thursday.
Okay, so nothing is being shared until the debt is repaid.
>“We will split net revenues over the course of the first 15 years and those net revenues are after operational costs — it’s manning the toll booth, it’s maintenance, it’s snow removal, a series of other operational costs. We expect that after those costs for the first few years, net revenues will be modest.
Right but debt repayment and interest expense are not operational costs in any traditional or well accepted business practice at least in my experience.
Which is it?
Also this deal better have an exit plan. 15 years is way too long.
It sounds like Trump just came in and took Michigan’s original share of revenue into something he can claim he won.
So many discussions and arguments from uncertainty about this. Just release the damn agreement.
I don’t understand this. Is he saying we’ll only split the net profit on the bridge after Canada recovers the full $6.4B it paid to build the bridge? Does this imply that Canada retains 100% of the profits until $6.4B is recouped and only AFTER that is the net profit on the bridge split? That’s the only way his statement makes sense around the debt being repaid. Am I missing something?
This is oversimplified and not nearly how the toll revenues will work, but dividing the cost of the bridge over 50 years (assuming no interest) comes out to $128 million per year in net revenues. The US will be taking 50% of this for 15 years, so $64M/year or $960M total to their „regional development fund“, which would add an extra 7.5 years to repay the cost of the bridge before tolls become shared (50 years -> 57.5 years).
From how I understand this then, the US is essentially receiving an advance on the revenue they will end up earning anyways. Makes it a lot more boring and a lot less divisive when explained like that.
Let’s see the final document.
Why is it that after 11 years in power, neither the Trudeau nor Carney LPC governments can seem to communicate anything effectively? Either they are lying to cover up a bad deal, or they still haven’t figured out how to get a message across. Neither inspires confidence. I’d say sooner or later, „Canadians are too stupid to understand how great we are“ will stop working, but I’m not so sure anymore.
If I were marking Carney’s response as a test answer it would get a D-. One hopes he’s keeping it vague so the damn bridge can open.
He said she said why not leave the specific section of the agreement and we can all judge based on that. At this moment, with all these negotiations going on it’s almost impossible that Canada didn’t give up something to get the bridge open.
Good. Now ban trucks from Huron Church and stop processing them coming in at the Ambassador Bridge, once the Gordie Howe is open.
yeah it’s the same deal as before, but they just let Trump act like he got a „better deal“ by rewording it. more pathetic posturing.
Let’s put Ambassador bridge out of business. eff that troll and his Trump buddies.
Carney speech doesn’t make sense. The math doesn’t math.
If Canada keeps 100% of the tolls to repay the bridge, but the net revenue (toll-maintenance) is expected to be negative for a few years, we won’t repay the bridge for a few years.
Then once we start making net revenue, we split it with the US? Or do we repay the bridge first?
When does the 15 year agreement start? Once we fully repaid the bridge in decades? Or once we start repaying the bridge?
A bank manager out smarted a failed casino manager! You guys are lucky
We’ll share it when they score a goal get an assist and get in a fight
Best of Luck🇨🇦
But why do we share at all? They paid nothing! Are they being for the 50 next year’s upkeep?
So, if the tolls are not revenue, what is the revenue that Carney’s talking about?
What happened to all of the “Carney caved again” posters that flooded the comments when this news first came out?
Everybody shut the fuck up.
Let Trump think he’s won.
I hope they keep the tolls really low so that Trump never sees a cent