The prime minister said the private money will be sought through “long-term concessions” to operate these airports, which would include Toronto Pearson International Airport, Vancouver International Airport, Trudeau International Airport in Montreal and Calgary International Airport.
“The government of Canada will retain ownership of the underlying land and assets, but we will unlock their true value by bringing in new capital and expertise to their operations and growth,” Carney said during an address at the Canada Investment Summit in Toronto on Tuesday morning.
“We will reinvest the tens of billions of dollars of capital we raise into the infrastructure that Canada needs for the next generation.”
I always felt Toronto Pearson could use some more expertise. /s
So the HWY 407 treatment. Expect lower wages for airport workers and higher prices for everyone.
What I don’t get is the investors are going to want a return on their investment, the pro people seem to be forgetting that so they but a billion into Canada and take out 2 billion. How is that a good thing long term.
I always felt Toronto Pearson could use some more expertise. /s
So the HWY 407 treatment. Expect lower wages for airport workers and higher prices for everyone.
What I don’t get is the investors are going to want a return on their investment, the pro people seem to be forgetting that so they but a billion into Canada and take out 2 billion. How is that a good thing long term.