The electricity will be paid for one way or another either with a markup through the management company or directly at lower cost as is the case now.

As usual Burt knows this but is trying to manufacture dissent.

No matter how and who builds this, they have to be paid back, so like the hospital, in a PPP (Public/Private Partnership) the Private party is owed so much at whatever the final negotiated rates are. As is also the typical case of a PPP, the Public and Private entities will form a combined company (the Partnership part of the PPP formula) to oversee the operations over the duration of the contract, with both parties then sharing in the profits, at a negotiated scaling, of the venture above and beyond what is contractually owed for the initial construction cost. Any other way would still see a party, most likely creditor, being paid back as well; and if done on our own, we would also be responsible for the cost overruns guaranteed when any government tries to undertake a capital venture of this magnitude and complexity. As a PPP, the Private take on the risks and liabilities associated with the construction, thus they prefer to stick around to have a say in operations to protect their risk investment.

As for the PC ‘special report’, they have neither the expertise nor the impartiality to be able to actually develop such a report, leaving it as nothing more than a waste of paper produced for political ends, only to be consumed by those who have no desire to actually read whole truths on matters as they would challenge their carefully guarded preconceptions of other parties to which they are more willing to hold as the sanctimonious truths, even in the face of the obvious deceptions by their ‘unquestionably moral’ leaders… And to the grammar nazis, I know it’s a run on sentence, that was deliberate.

oba/UBP is a year and a bit from the exit.

fool me once………..

Your getting tiresome DUNKY and UBP/OBA co horts. You FAILED in your 400 years (versus 14 years) and are looking even more silly and childish now.

Airport operations have generally generated an annual loss or a miniscule profit which has had to be utilized to enact repairs on the crumbling airport.

So not understanding how airport revenues affects other infrastructures like schools or how it will negatively impact seniors.

“There is one other key difference, the Bermuda Government runs our hospital not a private company as will be the case with Aecon and our existing and new airport terminal if this deal goes through.”

So is Mr. Burt claiming that the private entity, Paget Health Services, isn’t being reimbursed for the hospital wing development? From what I understand PHS stands to rake in almost $900mn as per the life of the contract.

It should also be noted that the financing sections of the hospital contract is redacted (i.e. blacked out), so no one actually knows the particular details of this agreement. Sorry Mr. Burt, despite your hospital tendering claims that is not a transparent arrangement in the slightest.

On top of that the expenses associated with the construction of the hospital wing are the primary drivers behind the ever increasing ‘hospital levy’ that is deducted from every taxpayers pay cheque.

Lastly, I can’t be the only one who finds it ironic that Mr. Burt is clamoring for tendering when he, in his role as PAC Chairman, vehemently defended the non-tendered, sole sourced Port Royal contract to a fellow PLP MP who also happened to sit on the PR Board at the time the contract was awarded. He and his colleagues even stated that they know they got value for money for the project.

Oh, politicians and their politricks.