this post was submitted on 08 Sep 2023
2 points (100.0% liked)

CanadaPolitics

1895 readers
1 users here now

Placeholder for any r/CanadaPolitics refugees

Rules:

All of Lemmy.ca's rules apply

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] nikt@lemmy.ca 1 points 1 year ago* (last edited 1 year ago)

When I wrote that, I knew someone was going to come out of the woodwork and say the highway was not technically sold, so I was trying to be careful with the wording. Not careful enough I guess. Yes, you’re right, it was the rights to a 99 year lease that were sold.

But no, it wasn’t just a lease, it was the right to a lease, which is indeed technically a kind of sale, not a lease per se. This is evidenced by the fact that SNC-Lavalin recently sold 10% of those rights for $3B, which pegs the current value of the entirety of those rights at $30B, 10 times what the Harris government originally sold them for.