SoVote

Decentralized Democracy

Ontario Assembly

43rd Parl. 1st Sess.
November 14, 2023 03:00PM

Because I hit Toronto—I have sympathy with people who live in Toronto. Toronto traffic is something, because it took me two hours to get from the 400 to Bay and Edward, where my apartment is. Toronto traffic is something. Normally it takes me six hours, and the difference in gas prices is just phenomenal.

So how do we know? And that is a huge issue.

Now, a couple of minutes, I’ll maybe have—oh, I’m going to have some time when I’m here next time.

The infrastructure bank has always kind of confused me, because federally, the Conservatives’ federal cousins—Mr. Poilievre says that the federal infrastructure bank is a boondoggle and a total waste. Yet, they import it provincially and it’s the greatest thing since sliced bread.

Now, I don’t understand. I don’t understand the concept. Do you want to—I understand the concept; I do. I just don’t understand why you would want to do it. In my business past, I’ve built things—nothing on the scale of government. But you want to build something, a public building, a highway—you talk a lot about highways. The province has the ability to borrow money cheaper or for less—yes, cheaper, I guess—than the private sector in many cases.

For the infrastructure bank to work, you’re going to have to offer a better income for the investors than they can get anywhere else. So when you’re paying the investor, when you’re paying the people who are putting money in your bank more money than they’re getting anywhere else in the market, it’s—

278 words
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