Discussion · Government Orders
Pat Kelly Conservative
“This train project could cost ninety billion dollars, which means tickets might cost around three hundred dollars each. Does the member really think the Liberals have figured out how much this project will actually cost?”
“Madam Speaker, the member spoke earlier in the debate on Alto, and I know how sensitive the people in his riding are about expropriation. Going beyond the expropriation issue, just some cocktail-napkin math here, if it costs $90 billion and, as the McGill study said, there are only going to be 12 million annual passengers, and they borrow the money at, let us say, 4%, that is about $300 a ticket. Does the member think that the Liberals have done their homework in any way on what the actual cost would be in order for that project to be financially viable?”
Official Hansard
Madam Speaker, the member spoke earlier in the debate on Alto, and I know how sensitive the people in his riding are about expropriation. Going beyond the expropriation issue, just some cocktail-napkin math here, if it costs $90 billion and, as the McGill study said, there are only going to be 12 million annual passengers, and they borrow the money at, let us say, 4%, that is about $300 a ticket. Does the member think that the Liberals have done their homework in any way on what the actual cost would be in order for that project to be financially viable?