Saturday, July 25, 2009

Turcot Interchange Project Jettisons Private Stake

Photo: The Quebec Transport Ministry announced Friday it would not use a private-public partnership in rebuilding Montreal's Turcot interchange. (CBC)

From The CBC:

The Quebec government announced Friday it will back away from plans to rebuild the Turcot interchange in Montreal through a public-private partnership.

Quebec's Transport Ministry had originally hoped to save tens of millions of dollars by partnering with the private sector to rebuild the highway interchange. But in a statement released Friday morning, Transport Minister Julie Boulet said the government has crunched the numbers again and decided the public-private partnership (PPP) is no longer such a good idea.

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