When all was said and done, the fast ferries showed a net loss of $52 million on the books. Not great, but not anywhere near the disaster the Liberals paint it. Also, the ferries were sold off for a song by Gordon Campbell to make the whole issue look even worse and to score political points. It didn't help that Washington Marine Group, a big Liberal donor, scored the winning bid and re-sold them for a huge profit. The boats are still in operation in Abu Dahbi. The facts are, the Fast Ferries fiasco pales in comparison to the huge over-runs and waste of Liberal-overseen projects like -How much did we pay for those Fast Ferries? How much did we sell them for in the end?
Most useless purchase of capital equipment ever in the history of Marine transportation ever. Industry experts warned the NDP Govt of the day that they were inappropriate for use in our costal waters because by the time they got up to a speed where they would save us money on fuel; it was time to dock again.
I worked for one of the Sub Contractors during that period. Those idiots would send us an email asking for a piece of equipment be delivered to the local yard for installation. All without a purchase order or an acknowledgment of our terms and conditions. We enquired where the paperwork was about them acknowledging our prices, delivery charges ex works EU and the Net 90 day terms they indicated they needed. No reply equalled no delivery from us. It put us on their shit list but in the end they bought and paid for the equipment plus an expediting fee because they dropped the ball.
It was clear that the people in a position of authority had zero business knowledge on how to build a ship. Sure they had a few guys with MBA's and someone who worked for Ministry of Transportation but bottom line was there were no personnel with Marine Experience on their team. Typical NDP Cluster Fuck of a huge magnitude. They hired all their University buddies to do the job without caring about the real experience factor.
1. Port Mann Bridge/Hwy 1 widening: came in 550%*over*initial*estimate.
2. BC Place Stadium roof upgrade: another 514%*over*initial*estimate. (This was a case, similar to the fast ferries, where people were in place who had no idea what they were doing.)
3. Northwest Transmission Line:*yup, you guessed it - 182%*over*initial*estimate.
4. Vancouver Convention Centre: oops - 178%*over*initial*estimate.
5. South Fraser Perimeter Road: seeing a theme?- 169% over initial estimate.
Now we've got $9 Billion committed to the unneeded Site C dam, which will undoubtedly become much more, and the same will happen to the equally unneeded $3.5 Billion Massey Bridge. These are supposed to be the best money managers?




