Lessons Learned
Author | C. Ian Kyer |
Pages | 163-173 |
Epilogue
LESSONSLEARNED
balesbetweentheCityofTorontoanditsprivatesec
tor transit provider were fought more than a century ago, there are various
parallels with more recent public/private partnerships. Even today we must
grapplewiththeirrepressibleconictthatDelosFWilcoxthewidelyac
ceptedexpertonmunicipalutilityfranchiseswroteofinAshenoted
acenturyagothereisafundamentalconictofmotivesbetweenthepublic
andtheprivatesectorNoamountofregulationandnopossibledevelop
ment of good will and the spirit of cooperation can change the fact that pri
vatecorp orations operating municipal utilities do so for prot and for as
muchprotastheycangetwhiletheconsumersandthepublicstrivetoget
asmuchserviceastheycanattheleastpossiblecost
As is typical of private partners, the people behind the Toronto Railway
Company TRC saw the tendering process as an i mportant high
proleopportunitytogrowabusinessandmakeahandsomeprotThey
knew, however, that to be successful and achieve their goals, they had to
impose discipline on the project and upon their public sector partner. That
meant carefully analyzing the City’s conditions, and developing and adher
ingtoabusinessplanthatwouldmeetthoseconditionsandturnaprot
They needed to know how much money would be needed to build the sys
tem, when it would be required, how much revenue could reasonably be
expected, what contingencies needed to be built into the plan, how long the
projectwouldtakebeforeitwasprotablequestionsonwhichanycareful
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