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  3. Carney government eyes privatizing airports to attract investment.

Carney government eyes privatizing airports to attract investment.

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canadacdnpolinews
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  • yogthos@social.marxist.networkY This user is from outside of this forum
    yogthos@social.marxist.networkY This user is from outside of this forum
    yogthos@social.marxist.network
    wrote last edited by
    #1

    Carney government eyes privatizing airports to attract investment. Is there one example where privatizing a public asset has turned out to be beneficial for Canadians as a whole?

    Between Petro-Canada, Air Canada, Highway 407, Hydro One, all I see are regrets.

    https://www.thestar.com/politics/carney-government-eyes-privatizing-airports-to-attract-investment-cut-travel-costs/article_63fe1465-083c-477e-952d-e5da5a67ab95.html

    #canada #cdnpoli #news

    jfmezei@cosocial.caJ 1 Reply Last reply
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    • yogthos@social.marxist.networkY yogthos@social.marxist.network

      Carney government eyes privatizing airports to attract investment. Is there one example where privatizing a public asset has turned out to be beneficial for Canadians as a whole?

      Between Petro-Canada, Air Canada, Highway 407, Hydro One, all I see are regrets.

      https://www.thestar.com/politics/carney-government-eyes-privatizing-airports-to-attract-investment-cut-travel-costs/article_63fe1465-083c-477e-952d-e5da5a67ab95.html

      #canada #cdnpoli #news

      jfmezei@cosocial.caJ This user is from outside of this forum
      jfmezei@cosocial.caJ This user is from outside of this forum
      jfmezei@cosocial.ca
      wrote last edited by
      #2

      @yogthos Canada’s largest airports have already been somewhat privatized decades ago. Contract for their management given to friends of government. YVR Inc, GTAA. ADM are all corporations in charge if running their airport and fund uogrades. As a result, Toronto has some of highest fees in world. ADM was nearly bankrupt twice due to white elephant plans to rebuild Dorval and literally demolish Mirabel, à federal asset.

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