Monday, June 21, 2010

Ontario selling everything to pay for Niagara Tunnel


A secret “white paper” that recommends selling chunks of Ontario’s liquor, lottery and electricity corporations—raising up to $12 billion—will be debated by Premier Dalton McGuinty’s cabinet as early as next week, the Star has learned.

Liberal insiders say the study urges the government to meld the Liquor Control Board of Ontario, Ontario Power Generation, Hydro One, and the Ontario Lottery and Gaming Corp. into one “super corporation.”

Maybe not, but the cost overruns for the tunnel make up a good percentage of this money. :)

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