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The delivery and operation is P3, but the ownership remains firmly public. It will belong to the Windsor-Detroit Bridge Authority which is a Canadian Crown corp
by theluketaylor 3y ago
The delivery and operation is P3, but the ownership remains firmly public. It will belong to the Windsor-Detroit Bridge Authority which is a Canadian Crown corporation controlled by Parliament. The consortium will get funding from the tolls, but that is specifically for running the operations and maintenance.
- abduhl 3y agoA bridge that is operated and maintained by a private party for 30+ years and whose tolls also go to that private party is, for all intents and purposes, owned by that private party for those 3+ decades. WDBA's ownership and oversight is a legal fiction - they have no way to displace the private company without compensating them absent gross mismanagement by the private company, and even that would be stalled in court.
- theluketaylor 3y ago30 years on a design lifespan of 100+ years. If it were a 99 year lease on like the disaster that is the 407 I'd agree with you, but in this case the contract is well short of lifespan.
- abduhl 3y agoA rich and famous man at a fancy dinner party says to a young woman seated next to him, “Would you sleep with me for a million dollars?” “You know," she giggles, "I think I would.” “Would you sleep with me for 50 dollars?" "Really, what kind of a woman do think I am?" “We’ve already established that. Now we’re just haggling about the price.”