January 22, 2020
GM, Transportation Services Department
1500 St. Laurent Boulevard, Floor 1
CC: City Council
Section 2 of Schedule 23 to the Project Agreement for Stage 1 of the Ottawa Light Rail Transit Project sets out the method for determining the compensation to be paid on termination of the P3 agreement for city default or convenience.
I am requesting that City staff provide a detailed breakdown of the estimated cost to the City should we terminate the contract with RTG/RTM for convenience, or for any other avenue of termination that is currently available to the City through the Project Agreement. Further, I am requesting an estimate of the cost of a negotiated purchase of the controlling interest in RTG/RTM through purchase of equity.
Finally, I request that this information be made available at, or in advance of, this Thursday’s meeting of the Transit Commission.
Councillor/ Conseiller Shawn Menard
Ward 17, Capital
City of Ottawa | Ville d’Ottawa
PDF version here.