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Results Chart for Delivery Method and Financing
From Public (Government) Sources to Producers: $CDN 1,500 million in public agency commitments to the project. $400 million from Government of Canada, $250 million from Province of British Columbia for construction and $150 million from Province for O&M, $300 million from Vancouver International Airport Authority, $375 million from Greater Vancouver Transportation Authority (TransLink), and $25 million form City of Vancouver.
Direct Cash Support
From Private Capital Markets Directly to Producers as Debt: Total construction costs were estimated at $1.5 billion, but came in at $2.1 billion. Contractor invested the balance of $CDN 600 million as part of its obligation under the 35 year contract. Operating revenues are forecast to equal or exceed operating costs, including repayment of the Contractor's capital investment over the operating period. As of 2010, operating revenues for all of TransLink's bus-ferry-rail-train system was covering 53% of total operating costs. Contractor debt is being retired by TransLink. This is an "all public" funded project.