They will have to use fake money…to match your fake news, fake intelligence and fake sense of humour.

Just look at Bermuda’s history and its strategic positioning in the Atlantic. If you know politics, finance, and trade, you’ll know what I’m getting at.

What bothers me as a Bermudian is, the then possibility of this type of thing happening (the company being acquired by someone else) has actually come to fruition.

Aecon may have several projects going on making Bermuda seem insignificant, but any businessman who is investing his money (especially in the billions) looks THOROUGHLY at what he is buying – in this case, that includes ALL the projects Aecon has its hand in.

If variables like this are able to come into play, it’s time for Bermudians to start paying attention to the bigger possibilities that can occur, based on what appears to be seemingly minor and insignificant decisions.

A small crack in the damn wall still holds the possibility of the dam breaking.

Did the UBP/OBA talk to the Department of State about that scenario ?

Good luck Bermuda , I think that privilege will soon disappear faster than Bob Richards did after that walloping he took from Chris Famous !

This statement alone is derived from so much blind drivel, it has been one of the most used PLP lies for the last several years. Guess what, we need to build a new airport; guess what, it has to be paid from somewhere; guess what, the existing airport isn’t making anywhere near the money a new one can make due to high capital expenditures on out of date and mismatched equipment upkeep; guess what, no matter who builds it and how, any airport profits would be going to overseas creditors to pay the construction bill; guess what, the only plan the PLP came up with to date would have cost Bermudians hundreds of millions more in cost overruns and interest against the government books; guess what, your argument has been debunked by far better financial experts than your Burt mathematics.

It’s sad and pathetic.

You got played, oj…by the people who you thought would educate you.
Look up the meaning of words before you use them, that way you wouldn’t look so stupid EVERY TIME YOU POST.

Too bad so busy whining you haven’t bothered reading the actual articles regarding the reviews of the airport contract.

and regardless of what Premier Burt says it is not privatization of the airport because at no time do they take ownership of the airport or the property.

Repeating it over and over will not make it true; Except of course in the minds of all his sheeple.

I guess I do if I keep reading your aimless replies.

What about the one from the TSX Newswire? I bet the Ecuadorians loved the fee increases, delays and increased costs associated with the slowing of construction.

“Corporacion Quiport S.A (“Quiport”), which holds concession rights to both the existing Quito Airport and the new airport currently under construction, will, in addition to the currently contracted concession fees, pay the Municipality of Quito 18% of Quiport’s net income plus $500 thousand per year. This change will effectively reduce the earnings Aecon reports from the project by approximately 18% and increase the Municipality’s effective economic interest to the equivalent of 26%.

A schedule of fee increases was established for “Regulated” fees charged by Quiport at the airports (including airline landing fees and passenger departure fees). The schedule, which respects the maximums established in the original concession agreements, provides Quiport with increased certainty regarding the revenues expected to be derived from the concession, and does not limit Quiport’s ability to charge market fees for “Non-regulated” items such as duty free and car rental concessions, parking, food services etc.

It was agreed that a new completion date and a new construction price would be set for the project, reflecting the delays and increased costs associated with the slowing of construction activity following the Court ruling earlier this year.

A deadline of January 29, 2010 was set for receipt of Court approval and finalization of all conditions and deliverables relating to the settlement (including the construction issues noted above).”

If they weren’t collecting operating revenue what is the alternate way of paying for it ?

There’s only one correct answer by the way and it negates your beliefs.

Some people don’t think we need a new airport. Some people don’t understand that we only have 3 more years to build an airport that conforms to international security standards. These same people don’t understand that other countries, like their beloved USA, could refuse to accept flights from Bermuda. These people, who voted for the plp, would not be able to go to Atlanta, twice a year, for shopping.

…and if you voted plp, you should sit down and hush…keep your stupidity to yourself.

You should have read some of the other links when you googled that, you don’t have the whole story…embarrassing isn’t it?

Only half the island cares that the plp will run it into the ground again, the other half wants to see Bermuda fail, and they’re the government now….you seem to love stupidity.
Have a blissful existence.

…she spewed hysterically while spittle frothed out of her angry facehole.

So we’re giving away millions of dollars in airport revenue over the next 30 years and you think we aren’t paying it?

Bermuda fools and follies.

The world is coming to an end because Bermuda is having a new airport built! Wahhhhhhhhhhhh

So do your research and highlight where it states that the contract can be amended if Aecon is sold.

I double dare you.

So me the cost difference with the tendering process and keeping operational control over the airport vs PPP over the same 30 projections and lets move on.

OBA YOU SUCK BIG TIME AFTER THIS BUNCH OF MORONS!!!!!!!!!!!!! ONLY A CLOWN WOULD STAY IN THAT PARTY AFTER THIS.

Ecuador broke their contract with Aecon on the Quito Airport concessions by simply amending their ownership laws so that foreign companies operating in their country could not own 100% of the company. Aecon had to find an Ecuadorian buyer and sold half of the company for far less than it’s worth.

You don’t need to be an insider to look at Aecon and CCCI fundamentals to see that this was a deal to pass off their AR that they’ve had a hard time collecting onto another company at a slight profit.