Compar
any can start work in July immediately after the Bill is enacted nactment of the Ordinanca, the tunnel will be open to
public use in August 1991.
7
5.
ست
سبة
Jc
вс
le
The purpose of this Bill is to give statutory
effect to the franchise and to determine the obligations
The Bill grants the franchise the company must perform.
Compiny to the Tate's Cairn Tunnel Sa Ltd., a Company formed by
It
the Consortium for the purpose of this project. stipulates that the construction period of the tunnel is 37 months. It establishes the obligation of the Company to maintain the tunnel and to provide safe and efficient facilities for the passage of vehicles.
a toll review. mechanism.
It also specifies
Any toll increase will need the
consent of the Governor in Council and will not be granted
as long as the tunnel Company remains reasonably
remunerative.
The mechanism is similar to the ones
governing toll increases for the existing Cross-Harbour Tunnel and the soon to be completed Eastern Harbour
Crossing.
9
ó
Turning/to the main features of the Bill, I shall
This Bill has 11 parts highlight a few important points.
and is modelled on the Eastern Harbour Crossing
Parts I to V deal with the length of the
Ordinance.
franchise, the Company вотраду
le
the company shall pay royalties to Government.
structure and the method by which
The rate'
Page 90Page 91