Some interesting comments from CKNW’s Emily Lazatin who asked Helmut Pastrick the chief economist with Central 1 Credit Union about the impact of a potential minority Liberal government on markets that are the mainstay of this province-forestry, lumber, mining and gas. Pastrick said that there would not be any major impact on the material market-but he does perceive potential changes to “big-ticket” projects-Site C Dam, or the Massey Tunnel Project (now projected at $12 billion dollars , with $8 billion dollars carrying costs.)
“It would result in some decline in the amount of fixed investment that might occur. Now, there may well be other projects that could be initiated to take their places. There are substantial plans for transit infrastructure in the Lower Mainland and perhaps for example funds from, let’s say, the Massey Tunnel Replacement would be diverted to one or more of those transit projects. That would be an offset.”
Pastrick perceived that the Kinder Morgan and Pacific Northwest LNG projects as not impacted because they have already had some type of approval from the Federal government. But the pet project of an overbuilt ten lane Massey Bridge, on the Fraser Estuary, taking out the most arable soils in Canada, the wrong thing in the wrong place, nixed by Metro Vancouver and the Mayor’s Council? The Federal government has not been dialing their dollars or approvals for this bridge boondoggle.
Lets hope that the sense of election party compromise will mean an attitudinal shift from Victoria to start working with instead of talking to the Mayors Council and Metro Vancouver. Imagine what kind of public transit could be built for a few billion, which of course would take drivers off the road for the Massey Crossing reboot. If “congestion” is why the Premier was building this monolith, well, a better transit system would solve that. And if “jobs” would be lost on the bridge project, there would be lots of jobs in a tunnel twinning and the bolstering of a regional connected mass transit.