One would be hard-pressed to find a single government forecast for the Sea-to-Sky highway project ($195 million over its first estimate), the Port Mann or the South Fraser Perimeter Road that has been met.
How did B.C. end up in the peculiar situation of having to rely on the private sector to oversee private sector construction companies working on public sector infrastructure projects, potentially signing off on billions of tax dollars in cost overruns along the way?
The B.C. government has placed two bets over the Site C project: one that B.C. Hydro can keep construction costs to $8.8 billion, and, two, that it can find customers for the power. Left to cover the ante? Taxpayers.