Tuesday, March 1, 2011

Who carries the revenue risk for the Port Mann bridge?

Tunnel collapse?
Blogger and transportation expert Stephen Rees poses the very important question. When will we see an answer that can be believed?
The title is in response to a post on Pricetags which links to the story of a private sector tunnel operator in Australia who has gone bust because the traffic through their tunnel was less than expected. This is in contrast to the Golden Ears story, where Translink failed to transfer the revenue risk, and is now on the hook for the shortfall in toll revenue there, with consequent impacts on transit service. Which is also one of the reasons why questions are now being asked about the forecast toll revenue on the new Port Mann Bridge. . .
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