Massey Bridge Quadruples in Interest Costs to $12 Billion Dollars-Leaked Gov’t Document-

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This just in from Business in Vancouver and Nelson Bennett, reporter. Documents leaked to and by the NDP Party show that while “replacing the George Massey Tunnel with a bridge would cost $3.5 billion to build, but another $8 billion in debt servicing”.

“The party says it filed freedom of information request several months ago to obtain information on the project’s financing. The documents released had financing details redacted, the NDP press release states. But the party then received leaked documents that detail the proposed bond issues for the project. It released those documents Friday May 5, along with a press release that states, “financing costs for the bridge will add another $8 billion in costs that British Columbians will be paying for the next 50 years – bringing the total bill to nearly $12 billion.

“The two-page document shows the province proposes to raise the capital for the…

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