For further reading...
- I take my math and assumptions from the report (PDF) endorsed by City Council - which includes the following privatized payment model (emphasis added):
h. In principle, a commitment to providing a performance-based payment for operations, maintenance and availability of the facility, compensating for a range of DBFOM service over the 30 year term, with an estimated cost of:
I'm not sure how that can be read to suggest anything other than that the money which would otherwise be used to fund the City's wastewater system is intended to be diverted entirely to the private contractor - leaving a gaping hole when it comes to the City's continuing expenses in monitoring the contract and maintaining reserve capacity.i. $378.0 million (assuming 3.5 % inflation) in the operation and maintenance portion of the payment to P3 Contractor (“Project Co.”) for the WWTP. These costs are currently an ongoing part of the utility program;ii. $117.2 million in the major maintenance portion of the payment to Project Co., to ensure that the WWTP’s assets are maintained and upgraded appropriately through the WWTP’s lifecycle; andiii. $265.0 million towards the capital payment portion of the payment to Project Co.
- Meanwhile, Tina Beaudry-Mellor echoes my question as to why it's the City's publicly-funded staff - rather than elected councillors - who are being used to sell the privatized system.
- And Simon Enoch questions some more of the math behind the privatization push.