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TORONTO – So, you say you’re seeing a light at the end of the long, dark gas plant tunnel? I have bad news. It’s an Ontario Northland ghost train coming at you. And it’s burning your dollars just as fast as the gas plants did. Shutting down the Ontario Northland Transportation Commission (ONTC) is turning into the next $1-billion boondoggle.
In its 2012 budget, then-finance minister Dwight Duncan announced the government would sell off ONTC — shutting down a northern Ontario transportation lifeline. At the time, the government said they’d save nearly $266 million over the next three years. Provincial auditor general Bonnie Lysyk released her annual report Tuesday.
Turns out that we were being — how shall I put it — oh, railroaded. Like a scene from an old movie, taxpayers were tied to the tracks and run over by a slow-moving train. It’s not going to save any money. In fact, we’re going to be on the hook for some rich buyout packages.
“The known costs may be as high as $820 million, and recouping this amount by the government no longer paying the ONTC the normal annual operating and capital subsidies it has been providing could well take a decade or longer,” the report says.