The NDP's announcement that they will move ahead with rail bed and track improvements on Vancouver Island is yet another unfunded commitment that the NDP have no ability to actually deliver on. Let's look at what the NDP said and contrast it with the facts:
- By the NDP's own numbers the cost of upgrading the rail line is estimated at over $100-million. Yet the NDP only committed $35-million for the project over five years -- that's two electoral cycles. This funding will not come close to upgrading the rail line.
- The NDP claim they will raise the $35-million through their questionable “Green Bond” financing scheme. In other words, the $35-million investment in the E&N Rail corridor is contingent on British Columbians giving their money to the NDP. Would you invest your money with the NDP?
- The BC Liberals announced $5-million in funding for the rail line in November to provide property tax relief and to undertake a $500,000 study to determine the costs and viability of upgrading the E&N rail line for freight and passenger services. The NDP voted against this funding and clearly were not interested in seeing the business plan before committing to the project.
1 comment:
TWO PASSENGERS A DAY FROM MILNER TO I DO NOT KNOW WHERE. SOUND LIKE A PAYING PROPISITION. LITE RAIL NEEDS RIDERSHIP THE POPULATION OF MILNER MUST BE GOING TO EXPLODE. MAYBE THE HOMELESS PEOPLE LIVING UNDER THE OVERPASS LIKE TO GO TO THE BIG CITY. GREAT THAT GOVERMENTS DO NNOT RUN BUSINESS.
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