Re: Re: The destruction of St. Stephen’s Green
@PVC King wrote:
You point to build it and they will ocme at a time when global purchasing managers indexes are averaging 35 or a 30% decline in year on year output. The financing costs on this project at government bond rates would be â‚¬200m per year assuming that it even broke even.
You propose a subvention of 5.19 times the overall subvention per citizen in New York for all transit networks inluding subway, commuter rail and bus just to build a single line.
Ah but now you are comparing recurrent and capital costs; we don’t know if the MN will break operationally, nobody has said, but it isn’t useful to compare the operation subsidy of the long build NY underground with the debt servicing cost of MN.