Transport Action BC

2010, April 1

BC Rail Profitable Before Sell-off?

Filed under: Inter-city rail — Rick @ 7:47 pm

An article in The Tyee argues that, contrary to provincial government claims, BC Rail was not bankrupt nor a drain on the province’s finances. Will Martin states the company regularly generated positive “net income” and, in the latter years of the 20th century, actually paid dividends of $140,000,000 to the province. His argument is that the provincial Liberals deliberately mis-led taxpayers on BC Rail’s financial situation to create support for the railroad’s privatisation. Several on-line commentators disagree with Martin’s analysis and conclusions.

http://thetyee.ca/Opinion/2010/03/29/GordonBCRail/index.html

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