steveintoronto
Superstar
Excellent 'heads-up'. I tend to agree, not by what is stated, but what isn't. Here's what is: (some of this wording is interesting, note "outside experts")My fingers are crossed for VIA HFR
"Outside experts"...could well be euphemism, or even a clever ploy, to say, in effect, "no"...and since it was 'outsiders' who decided that, then the buck stops on someone else's say. REM puts the Feds in a difficult position, won't go into that, for those who've been following it, you know what I mean.[...]The Liberals have also hired outside experts to review the business case for the 67-kilometre, electric-rail transit project in Montreal, known by its French acronym REM.
"The advisory group reviewed a number of projects to see if private capital investment would be possible. Among these was the REM project in Montreal," Simpson said.
"The due diligence that the advisory group did on this project will be transferred to the bank once it is operational and the bank will then decide if an investment is appropriate in place of traditional grant funding."
In June, the Liberals pledged $1.28 billion towards construction of the $6 billion project overseen by the provincial pension program, the Caisse de depot et placement du Quebec.[...]
And it then follows that saying "no" (there will have to be some kind of consolation prize for the sake of diplomacy with PQ Incorporated) it makes it easier to say "yes" to HFR. That's a gross simplification, so let me put it this way: You don't start off with the best. You need something more crude to cut your teeth on, and REM is that.
Frankly, I think the story has been 'chaperoned' for release to the Cdn Press/CTV. Watch for some other reports on this in other newspapers in the next few days with some more in-depth analysis. What's most notable is the eagerness of the Libs to get this on the road. The Cons are just throwing sour grapes, and in a way they don't even realize. The Feds are going to need the InfraBank up and running to be able to further 'chaperone' foreign investment so the same Cons and Dippers aren't complaining about how foreign investment is flowing in 'of its own accord'. I'm waiting for the backlash on "The Yellow Peril" to start soon, and the Cons will be the instigators. The money is there, massive amounts. And they're not coming to dinner, they're bringing it. And what if Chinese money wants to buy the Churchill Railway? The "National Defence" card will be played PDQ.
It's a contract. And even if it wasn't, you can't discontinue service without an application and permission from the CTA.Can they force a company to provide service (rail or telephone) even if you are losing money? It's a disproportionate expropriation of wealth without compensation. Will be an interesting legal case.
I think you'd best look at the map again, and look for "Northwest Passage".Seems to me Churchill is not really that much better than Newfoundland as a supply base.
And Halifax has a rail line, which for heavy equipment being moved, other than emergency loads via C17, is necessary. Military or otherwise. Churchill has a rail line, and it's a heck of a lot closer to the vulnerable north and vastly more in-land protected than Halifax is.For goods its not Newfoundland but Halifax.
One should ask: Why are interceptors based in more northern airfields? (The threat is from over the Pole, not across the oceans.)
But then there's the indirect threat of loss of sovereignty and Canada needs a naval/coast-guard presence at both Churchill and Tuktoyaktuk, as well as far north refuelling depots.
https://en.wikipedia.org/wiki/Northwest_Passage#cite_note-14[...]The contested sovereignty claims over the waters may complicate future shipping through the region: the Canadian government considers the Northwestern Passages part of Canadian Internal Waters,[10] but the United States and various European countries maintain they are an international strait and transit passage, allowing free and unencumbered passage.[11][12] If, as has been claimed, parts of the eastern end of the Passage are barely 15 metres (49 ft) deep,[13] the route's viability as a Euro-Asian shipping route is reduced. However, a Chinese shipping line is planning regular voyages of cargo ships using the passage to the eastern United States and Europe, after a successful passage by Nordic Orion of 73,500 tonnes deadweight tonnage in September 2013. Fully loaded, Nordic Orion was too large to sail through the Panama Canal.[14] [...]
https://en.wikipedia.org/wiki/Northwest_Passage
Last edited: