Gordon Campbell and his Finance Minister (Not On MY Radar HST) had the audacity to stand up in the Legislature and declare that the Sea to Sky Highway had a fixed price of $600 million without mentioning the conditions of the $1.2 Billion maintenance fee.
In essence the Sea to Sky Highway (S2S) is a shadow toll.
George Massey Tunnel Replacement Project, 234 pages, same scenario as S2S
|October 4, 2016|
The Concession Agreement (or CA) sets out the rights and obligations of the parties in respect of the Project and contains, among other things: the technical specifications for the design, construction, operations, MAINTENANCE and rehabilitation components of the Project; the scope of the SERVICES to be provided by the Concessionaire; the END of TERM (35 years????) requirements; and other commercial terms.