E&N a losing proposition

This organization cannot make a profit for the government

E&N a losing proposition

As Mr. Ridgway clearly noted in his letter of a few weeks ago the Island Corridor Foundation gets its funding from the various levels of government who pay for crossings — in essence dollars from taxpayers. So it is totally dependent on the taxpayers. Clearly the taxpayers get no benefits whatsoever from this organization.

It is interesting to note that the E&N rail line was “donated” by CPR to the province and they were given a $770,000,000 plus tax credit or equivalent. CPR knew what is was doing divesting a losing proposition. In that interval while the E&N has been under various regimes and during the time they have not raised any capital, done any work, or expanded the business. It is no more than a failing enterprise generating studies etc.

Meanwhile CPR share price has tripled and has grown a viable robust business that has paid taxes, wages and purchased goods and services.

I think the message is clear this organization cannot make a profit for the government and after over 10 years of continuous failed efforts it’s time to make the rail bed into a useful and functioning trail to bring tourists and such to our communities. That will provide a much greater benefit than anything the E&N has done in the past 10-plus years.

Glenn White

Shawnigan Lake


Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Thanksgiving Food Drive coming to your door in Cowichan

Next week will be your chance to help meet the food crisis

Cowichan Community Centre Elder College celebrates 20th anniversary

Volunteer instructors are the key to success.

Flashback: Teddy bears, dinosaurs, cougars, oh my!

Remember these stories from Cowichan Lake?

Drivesmart column: Clear your frosty windows BEFORE driving

85 per cent of the information we require to drive safely comes to us through our eyes.

Unofficial holidays: Here’s what people are celebrating for the week of Sept. 20 to 26

Rabbit Day, Hobbit Day and One-Hit Wonder Day are all coming up this week

Quirky Canadian comedy ‘Schitt’s Creek’ takes Emmys by storm with comedy sweep

Toronto-raised Daniel Levy and Ottawa-born Annie Murphy both got supporting actor nods

181 days gone: Family continues to look for man last seen in RCMP custody 6 months ago

Brandon Sakebow’s last known location was leaving Mission RCMP cell, police say; family has doubts

B.C. unveils new cannabis sales programs to help small, Indigenous growers

Government did not say how it will define small producers, but says nurseries will be included in the policy

B.C. transportation minister will not seek re-election

Claire Trevena has held the position since 2017

Body discovered floating in water near Lasqueti Island

JRCC reports personnel aboard fishing vessel made the find

Young B.C. cancer survivor rides 105-km with Terry Fox’s brother

Jacob Bredenhof and Darrell Fox’s cycling trek raises almost $90,000 for cancer research

B.C. migrant, undocumented workers rally for permanent residency program

Rally is part of the Amnesty for Undocumented Workers Campaign led by the Migrant Workers Centre

Preparations underway for pandemic election in Saskatchewan and maybe B.C.

Administrators in B.C. and around the country are also looking to expand voting by mail during the pandemic

Most Read