Difference between revisions of "Annual Operating Costs"
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| − | '''Annual Operating Costs''' are the amount budgeted by the [[DCBC]] to operate and maintain the Bridge. This is set at $600,000/year, indexed for inflation, for the first five full years of the [[ | + | '''Annual Operating Costs''' are the amount budgeted by the [[DCBC]] to operate and maintain the Bridge. This is set at $600,000/year, indexed for inflation, for the first five full years of the [[Sublease Term]] (and a prorated amount for the [[Partial Concession Year|initial partial year]] after opening). After that, the amount will be set by agreement between the [[GNWT]] and the DCBC. |
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| + | {{NewDeal}} - According to comments made by the [[Michael McLeod|Minister of Transport]] during the [[Assumption debate]], now that the Bridge is a GNWT project the annual operating costs may shrink to the neighbourhood of $350,000. Supposedly this is because now that "''things have changed in terms of requirements, such as insurance, we expect that is going to be around half of the $700,000. So O and M we are pegging at $350,000 a year.''" | ||
{{ConcessionDef}} | {{ConcessionDef}} | ||
Revision as of 04:54, 30 March 2010
Annual Operating Costs are the amount budgeted by the DCBC to operate and maintain the Bridge. This is set at $600,000/year, indexed for inflation, for the first five full years of the Sublease Term (and a prorated amount for the initial partial year after opening). After that, the amount will be set by agreement between the GNWT and the DCBC.
- According to comments made by the Minister of Transport during the Assumption debate, now that the Bridge is a GNWT project the annual operating costs may shrink to the neighbourhood of $350,000. Supposedly this is because now that "things have changed in terms of requirements, such as insurance, we expect that is going to be around half of the $700,000. So O and M we are pegging at $350,000 a year."
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This artice defines a term from the now-terminated Concession Agreement. |
