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View Peter Julian Profile
That comes to my next question, which is of course on the actual purchase of TMX, which was evaluated by the Parliamentary Budget Officer as being a billion dollars more than should have been paid, even at market value.
In this case as I understand it—and I'm not trying to put words in your mouth—the government basically decided to throw massive amounts of money at this, but the finance ministry was not consulted consulted on the inflated purchase price of over a billion dollars over the value, and it hasn't been consulted on what the financial impacts will be of construction costs that are twice what was originally foreseen and that, of course, would require significant amounts of public funds. The finance ministry has not been involved in any way on that. It just responds to the government's saying, “We want to spend this money.”
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