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Similarly the Canadian province of Ontario leased it's only toll highway for 99 years to an international group, for an amount it currently earns in tolls every
by shtack 2y ago
Similarly the Canadian province of Ontario leased it's only toll highway for 99 years to an international group, for an amount it currently earns in tolls every ~2 years. Fun.
- MadnessASAP 2y agoYou're missing the bigger picture though. By doing so they managed to look like they had balanced the budget in an election year. That's what really matters here.
- quickthrowman 2y agoEarns, or receives in revenue? ‘Earns’ implies net profit after all expenses (including operations and maintenance), which I find hard to believe in this specific case.
- shtack 2y agoFair. At the current rate, the revenue takes two years to cover the original cost. The net profit takes 6. The margins are quite good due to consistent price increases.