"look to the private sector to propose innovative approaches to meet future GO Transit rail service levels".
To me it reads that the province no longer funds electrification.
I read it the opposite. It appears that they are proceeding with the MOADBFOM RFP - which always left it to the bidders to propose electrification, hydrail, or not.
The buildup puffery certainly led us to believe we would hear more.
I suppose the next major thing to look forward to is either more Metrolinx board meetings, or the release of the RFPs for electrification per line?
it's not per line, it's one RFP for everything
I can't say I'm at all surprised. The writing has been on the wall for some time, even beyond DBFOM, Verster has been saying (gist)"It's up to the winning bidder" as to method of propulsion, rolling stock type, etc.
I think progress is going to be had by something far beyond an RFP as to 'running the GO operation'. It's going to be 'GO's terms of lease on the system provided by a private entity'.
Is this a drastic change for Ontario? In this century, yes. But for many other nations (Australia immediately comes to mind) Private Provision is the norm, albeit with government being part of it for a number of reasons, easier regulatory approval and cost of borrowing being a few.
I think projects will be built, but the Cons have yet to fully come clean on how. They're very clear hints, and I suspect they're waiting to be approached with offers before blabbing out the truth. I think REM in Montreal is the template. Crosstown is an uneasy hybrid of the model, a learning experience.
I don't like it, I think government should be doing this, but that's beside the point. Private is the way forward at this time, and frankly, I'd rather beady eyed private investors than moronic mental cases running it. It will keep the politics out of it.
A model where that's proven is in the airline industry in many nations. National carriers are long gone in almost all cases. And any losses for misunderstanding the market are absorbed by the investors, not the taxpayers.
Added comment: In all fairness, this 'shift in provision' started under the Wynne regime. Make no mistake, I think Ford et al are bumbling idiots, and that's being kind, but the trend almost everywhere is back to private. In Ontario's case, the tax base is so low as to force that being the case.
The
OECD's annual Revenue Statistics
report found that the
tax-to-GDP ratio in Canada decreased by 0.5 percentage points, from 32.7% in 2016 to 32.2% in 2017. The corresponding figures for the
OECD average were an increase of 0.2 percentage points from 34.0% to 34.2% over the same period.
Revenue Statistics 2018 - Canada - OECD.org
https://www.oecd.org/tax/revenue-statistics-canada.pdf
Web results
Canadians' tax burden is among the lowest in OECD, report says - The ...
https://www.theglobeandmail.com/.../article-canadians-tax-burden-is-among-the-lowes...
1 day ago - The average single worker in Canada paid 23 per cent of their gross wages in
taxes last year after cash benefits, ranking 26th
lowest in 2018.
-: Google
Joe Average pays one way or the other...
Addendum: Just realized the Globe piece is 'Subscriber Only' so here's the crux:
BARRIE MCKENNAECONOMICS REPORTER
OTTAWA
PUBLISHED 1 DAY AGO
Canadians may think they are highly taxed, but they face a lighter burden than people in most other wealthy countries on key measures and remain roughly on par with Americans, according to a new report.
That is the picture that emerges from the latest annual report on personal income and payroll taxes across the 36 member-countries of the Organization for Economic Co-operation and Development, released Thursday.
The average single worker in Canada paid 23 per cent of their gross wages in taxes last year after cash benefits, ranking 26th lowest in 2018. The burden was lower than in the United States, where single American workers paid 23.8 per cent of their wages in taxes – even after U.S. President Donald Trump’s steep tax cuts in 2017. That compares with an OECD average of 25.5 per cent. [...]
https://www.theglobeandmail.com/bus...rden-is-among-the-lowest-in-oecd-report-says/
And Toronto has one of the lowest urban tax rates in Ontario! Something has to give...