The federal Auditor General says Canadians are out of pocket an extra half billion dollars because of delays in deciding to build a replacement for the Champlain and – little fanfare here – “the decision to have the bridge built via a public-private partnership could cost Canadians more than if the bridge had been built outright by the federal government.”
Why do politicians persist in claiming PPP is cheaper, when it’s obviously going to cost the public purse more in the long run to supply the profit demanded by private investors?
The report also expresses doubt the bridge will be on time and within budget.
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