Six months ago, Finance Minister Colin Hansen told us a private sector partner would be contributing $90 million toward the government's northwest transmission line. But, according to budget documents released yesterday, the entire cost of that $404 million line is being born by the provincial and federal governments - with $274 million coming from Victoria and $130 million coming from Ottawa. So does that mean the project's private sector funding has fallen through? Not at all, according to a energy, mines and petroleum resources ministry spokesperson. "The Province is still in discussions with the private sector to obtain additional support for NTL construction," the spokesperson stated in an email. "We have every confidence the parties will reach agreement."
March 3, 2010