Open Letter to Gateway Contractors
Transtoll Inc., The Macquarie Group, Flatiron Construction Corp., Kiewit Corporation, I am writing to ask that you cancel your participation in the Metro Vancouver (Canada) “Gateway Program” as it is currently planned. Instead you should negotiate with the public and provincial government to create a new program that is environmentally sustainable and financial viable. Highway expansion does not fit these criteria. Here are a few reasons to withdraw from the Gateway Program: 1. Reduced revenues as a result of carbon reduction programs. Programs like BC's carbon tax are designed to encourage people to drive less. Fewer vehicle trips means less revenues for the private partner. 2. Reduced revenues as a result of peak oil. We are already seeing people reducing their vehicle trips as a result of recent spikes in gasoline prices. As the price of a finite resources increases we will see further reductions in potential revenues. 3. Increased costs. Rising oil prices also me...