- Please listen to Mr. Sullivan, the frightening Cost Over Runs will occur as a result of the CHAOS that will erupt in the Muskrat Falls Projec as it progresses and those involved in the developmnt are aware of this. Please stop it now.
- November 02, 2012 - 07:57
Mr. Sullivan I respect your opinons highly and what you have said in this piece is so true. I wish that all Newfoundlanders and Labradorians could read this article, if they do they will be able to see through the frightening aspects of the Muskrat Falls Project , especially the looming Cost Overruns which will arise from the "CHAOS" in the Project. I only wish the government/ developers of this project would come to their senses and put an end to it right now
- James G. Learning
- November 01, 2012 - 17:46
I fully realize everyone in Labrador is not against this Project, although we know with an initial phone survey 82% of us are, these figures extrapolated of course. So here we have the wolves of the Island discounting Labradoreans at every turn. Remember this power is for the Island. It will not be used for domestic purposes in Labrador, we were told this from the beginning. It certainly will not be used by the mining sector, these will be powered by Hydro Quebec (HQ). The only way Munsrat Falls power (MFP) will be used by the mining sector is if it is subsidized. When HQ is called on for power, this will mark the first time Power will flow from South to North in this Territory, I'm not sure if this is happening anywere else in Canada, Perhaps manitoba, B.C., and Alberta.The least cost option so called is still very expensive. Now back to my dispute with the Island promoters. Labradoreans will not be responsible for kicking up the 15% union penalties, we are not union members, it is outside of the Labrador perview, this is an Island thing only. Labradoreans are told from the get go, don't bother to apply for jobs at these sites if you are not union members. I know there are exceptions to this rule in Voiseys bay, simply because there is an Aboriginal component in the contract which demands this be so. So for those who are mixed bloods, we get no consideration. However we do have to live with the higher taxes this Project will demand, plus the environmental degredation. This is all very sweet don't you think. Only because we put up with it. After all the courts are not ours they belong to the Island. In Labrador the courts are to throw us in jail, not to intercede on our behalf in such cases.
- October 31, 2012 - 09:24
If this thing costs anytohng less than at least $12 billion, I'll be shocked. It the governemtn says $7.4B, and you add the standard 50% 'government work' premium, and then the very predictable 15% Newfoundland labour union penalty (maybe more for long-term projects liek this....maybe 3 or 4 strikes before it's complete), you get to $12 B pretty easy. Given the completely dubious market assessment, and the skinny economics revealed already, this will be the whitest of all elephants. And instead of having paid down our provincial debt at a guaranteed return of 5% a year, with all that debt capacity available to fund some truly worthy, major initiative(s) in the future we will have doomed our province to eternal poverty, having taken our entire oil legacy and incinerated it.
- Ken Collis
- October 31, 2012 - 08:06
What business, may I ask, are you involved in?