this post was submitted on 25 Sep 2024
37 points (97.4% liked)
Canada
7188 readers
237 users here now
What's going on Canada?
Communities
🍁 Meta
🗺️ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
🏙️ Cities / Local Communities
- Calgary (AB)
- Edmonton (AB)
- Greater Sudbury (ON)
- Halifax (NS)
- Hamilton (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Saskatoon (SK)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Winnipeg (MB)
🏒 Sports
Hockey
- List of All Teams: Post on /c/hockey
- General Community: /c/Hockey
- Calgary Flames
- Edmonton Oilers
- Montréal Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Football (NFL)
- List of All Teams:
unknown
Football (CFL)
- List of All Teams:
unknown
Baseball
- List of All Teams:
unknown - Toronto Blue Jays
Basketball
- List of All Teams:
unknown - Toronto Raptors
Soccer
- List of All Teams:
unknown - General Community: /c/CanadaSoccer
- Toronto FC
💻 Universities
💵 Finance / Shopping
- Personal Finance Canada
- BAPCSalesCanada
- Canadian Investor
- Buy Canadian
- Quebec Finance
- Churning Canada
🗣️ Politics
- Canada Politics
- General:
- By Province:
🍁 Social and Culture
Rules
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The last liberal government in Québec did that, but for a transit line (the REM).
They killed the only profitable commuter train line (DM) and literally gave it to a for profit entity (CDPQ) so they can transform it into a metro line. So now the public transit entities cannot compete with the private one, and even has to pay it royalties for something like 99 years.
I repeat, the public transit entity (ARTM) cannot compete against the for profit one, AND must pay it royalties for every passenger.
So now the ARTM doesn't have the revenues from its defunct most popular commuter line, and must pay royalties on top of that. Public money, going straight into a for profit organization.
The new light rail line was not even working in 2023 and the public already had to pay $2.4 million to the CDPQ.
And those defending that model say that the CDPQ is a retirement investment firm that is profiting Quebecers, but their goal is still to make money. Unprofitable lines will be cut or never developed, even if needed.
They are literally privatizing public transit and some people are encouraging it saying that's how we now have to build transit. It's the way of the future!
Meanwhile the public transit entity says it's not sure it can now maintain some of the other commuter lines and will have to look into cutting expenses and/or service.
Sigh...
EDIT: Source for the price the ARTM has to pay: https://montrealgazette.com/news/local-news/rem-hikes-per-passenger-payment-from-artm-even-before-it-starts-running