this post was submitted on 05 May 2025
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Ontario more or less did that a couple decades ago. Taxpayers funded the 407 which is a toll highway through Toronto. The Conservatives under Mike Harris in 1999, effectively "sold" the 407 to a foreign company for a paltry $3bn (technically, a 99 year lease, but for us that's about the same as being sold).
The highway has since generated many multiples of that in revenue that is not going to fund Government projects, but to line the pockets of an investment conglomerate. As a result, rates have increased despite an "agreement" with the government to maintain rates as long as there is sufficient traffic, which has been exceeded and is steadily increasing.