you’re 100% wrong. We’re splitting net profits which is calculated after the payment of interest and debt.
Grow up and educate yourself
ThuggyG
joined 5 months ago
The frustrating part is the misinformation. If you hate him, go ahead and hate him. We can’t be so blinded by hate that we can’t acknowledge a decent idea.
I hate Trump. These newborn savings accounts are a good idea. Trump still sucks dick.
What about the payment of debt you dunce.
At best you’re willfully ignorant and have poor reading comprehension.
At worst you’re trolling and spreading misinformation.
you can choose your preferred source.
You’re wrong, stop posting misinformation
I think we all have to be very careful of hyperbole and misinformation. I’ve found even in this community some posts will be littered with misinformation. Looks like scary times are here.
No the US gets half the Net Profits which is calculated after the construction costs and debt are paid. For the first few years the net profits will be essentially nothing.
We’re still allowed to set the toll prices but and toll change of 10%+ requires US approval.
The new deal is fine
Ok so here’s the problem. In the politest way possible, you don’t understand the new deal.
Canada owns the 6.4B in costs to construct the bridge. This includes the debt and interest.
Canada WILL RECOUP ALL COSTS TO CONSTRUCT THE BRIDGE. DEBT WILL BE PAID OUT. YOU HAVE TO PAY THE DEBT AND INTEREST IN ORDER TO GET NET PROFITS.
After the debt is paid you get net profits. These net profits will now be split 50/50. Previously, Canada was to receive all of the net profits in an effort for Canada to recoup the costs of construction faster. Then the split would be 50/50.
How?
The ambassador bridge makes like $100M a year in revenue. The cost of the new bridge was $6.4B once you tack on interest there will be hardly any net profits left to split.
I’m sorry, but this argument makes no sense.
Originally, Canada was to receive all profits and have complete power over toll prices until we recouped all our costs. At that point it would be 50/50.
The new deal is fine. I don’t know what the “caving in” narrative is about.
This article is wrong about the deal parameters. Strange
No that’s not what happened.
Carney conceded 50% of net profits because that gives the baby his candy. But net profits is calculated after paying back the construction debt and interest which is wholly owned by Canada. In addition, there’s some sort of economic development fund that’s jointly contributed to by the Canada and US, not a bad idea I guess. The big concession was giving the US veto power over toll changes for the bridge.
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I thought this was a stupid idea, so I punched myself in the tummy with a sucker.
can confirm that it hurts like a motherfucker