Mr. French (Robert French, Jan. 7) Record, is right, of course.
BC Ferries is misleading us in respect to the true cash implications of the cable ferry project.
A cash flow projection is needed, which means revenue less expenses from operations less the capital costs of the project.
The capital costs must be substantial and involve millions of dollars and these costs are upfront.
Do they include a new ferry? New docks? A cable system? New parking lots?
All against estimated savings in fuel and crewing (maybe) of $80 million over 40 years. We don’t need this project, as the current service is just fine.