Rapid Transit Rip-Off
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- Published on Tuesday, 27 January 2015 21:44
- Written by editor
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A Socialist Project e-bulletin .... No. 1073 .... January 28, 2015
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Rapid Transit Rip-Off
How Kathleen Wynne became a transit privateer, and what we need to do to get back on track
Brenda Thompson
Campaigning for re-election in April 2014, Liberal leader and Premier of Ontario Kathleen Wynne announced that Ontario would invest $29-billion in roads and transit. She did not make this announcement from the Office of the Premier at Queen's Park or at Metrolinx (Ontario's transit authority) headquarters on Bay Street. She spoke at the Toronto Regional Board of Trade, at an event sponsored by global, mostly foreign, multinational corporations.
The significance of Wynne's preference for a private venue sponsored by an elite group of powerful multinationals went unremarked by mainstream media. Nor did they mention that for the second year in a row,... Wynne was to be a keynote speaker at the 2014 annual Canadian Centre for Public-Private-Partnerships (CCPPP) conference. It is significant because the multinational corporations that sponsor CCPPP conferences stand to reap a huge financial benefit from that $29-billion investment in public-private-partnerships (P3s).
