Precient:
So basically after all these years and billions of dollars the same harmful chemicals that used to be dispersed into the ocean are now put into the local soil.
Which will leech into streams and then into the ocean.
Posted 16 June 2021 - 11:55 AM
Precient:
So basically after all these years and billions of dollars the same harmful chemicals that used to be dispersed into the ocean are now put into the local soil.
Which will leech into streams and then into the ocean.
Posted 16 June 2021 - 11:58 AM
I can tell you from years on experience dealing with all levels and parties in Government that the standard answer to any issue is that it will be resolved next month. It is a war of attrition, they figure you won't report it as it is a non-story with so soon a resolution and figure you will eventually stop asking.
Posted 16 June 2021 - 12:04 PM
Posted 16 June 2021 - 01:37 PM
when you spend a billion dollars on a facility you didn't need in the first place...
Posted 16 June 2021 - 02:12 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
Posted 16 June 2021 - 06:50 PM
Residuals plant was a P3 I believe, so if it doesn't work as intended then CRD doesn't pay.
Posted 17 June 2021 - 08:07 AM
Residuals plant was a P3 I believe, so if it doesn't work as intended then CRD doesn't pay.
That is not generally how it works though. The P3 pleads poverty and then the Government quietly ponies up extra money to avoid looking foolish for ever engaging the P3 in the first place. Speaking in general terms here obviously.
Bear in mind that wastewater treatment isn't rocket science. It has been around for a few years!
Edited by spanky123, 17 June 2021 - 08:12 AM.
Posted 17 June 2021 - 10:26 AM
That is not generally how it works though. The P3 pleads poverty and then the Government quietly ponies up extra money to avoid looking foolish for ever engaging the P3 in the first place. Speaking in general terms here obviously.
Bear in mind that wastewater treatment isn't rocket science. It has been around for a few years!
I work in the investment field where our firm has looked a few P3's. The public sector owner is definitely not on the hook for a significant portion of the construction cost should things go wrong. P3's are structured so the SPV or P3 company puts up equity and takes out a loan (none recourse) to finance a significant portion of the construction cost (usually >50%). That cost along with interest and an appropriate equity return is paid back to them over the life of the P3 contract from the public sector owner. So if the thing doesn't work then there is no payment from the public owner and the lenders and P3 company are SOL. That is the whole point of the P3, you pay more in exchange for protection for the life of the contract. Now of course maybe the CRD will be either nice or dumb enough to keep paying even if it doesn't work but they are not contractually obligated to.
P3's once in operation is usually pretty low risk free for a P3 company as they get a stable return on equity from a public sector counterparty.
Posted 17 June 2021 - 11:01 AM
^ I 100% agree with the goal of P3 agreements and what is strictly required. All that I am saying is that in my experience if a P3 company runs into technical or financial difficulty and there is a risk to the project and reputation of the civil servants who contracted with the P3 in the first place then extra money is often found.
Posted 17 June 2021 - 12:23 PM
^ I 100% agree with the goal of P3 agreements and what is strictly required. All that I am saying is that in my experience if a P3 company runs into technical or financial difficulty and there is a risk to the project and reputation of the civil servants who contracted with the P3 in the first place then extra money is often found.
This does make sense, however, I jam not aware of any P3 projects where this has happened (do you have any examples?). On the investor side we obviously would never take this "safety net" into consideration when bidding.
As for the residuals plant, I am sure once things are dialed in it will work as planned. Like you said, wastewater isn't new and its' not rocket science but on such a big project I would expect some teething pains at first.
Posted 17 June 2021 - 12:27 PM
This does make sense, however, I jam not aware of any P3 projects where this has happened (do you have any examples?). On the investor side we obviously would never take this "safety net" into consideration when bidding.
As for the residuals plant, I am sure once things are dialed in it will work as planned. Like you said, wastewater isn't new and its' not rocket science but on such a big project I would expect some teething pains at first.
It is not a big project by wastewater standards. What may be true is that it is a big project for this O&M company and that may be part of the problem.
Posted 17 June 2021 - 12:39 PM
Look like the O&M company Synagro is actually owned by a goldman sach's infra fund, the P3 consortium also includes two Canadian construction companies, Bird and Maple Reinders.
Posted 24 July 2021 - 03:38 PM
Would it be wrong to say this project looks like s**t?
Posted 24 July 2021 - 05:15 PM
if I didn’t know I probably would think it was a factory or something. a nice new factory.Would it be wrong to say this project looks like s**t?
Posted 25 July 2021 - 05:42 AM
Posted 25 July 2021 - 05:58 AM
I think it looks highly functional, and optically is more than acceptable considering its design requirements are less influenced by how the neighbourhood might like it to look, and more influenced by the extremely vertical duties the building is actually obliged to perform.
Like hospitals, theatres, water treatment plants and the like ... some buildings have to "look" as their function requires that they look ... rather than how somebody might think they should look.
Posted 25 July 2021 - 06:21 AM
Edited by Victoria Watcher, 25 July 2021 - 06:24 AM.
Posted 25 July 2021 - 07:20 AM
Citizens: "We're afraid it's going to look industrial and unsightly"
CRD: "It doesn't have to look like that, see these examples"
Narrator: "It ended up looking like that".
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