Damage Control On The Chinese Steel
By Corinthian Scales, Section News
Posted on Wed Jun 06, 2012 at 09:41:08 PM EST
Tags: Rick Snyder, DRIC-NITC, NAFTA Bridge, ChiComs, Anti-Right To Work, Will VETO R-T-W, Light Rail boondoggles, Massive Federal debt is not a factor, Obamacare Health Exchange, Foreign National Job Preference, H-1B Visas, EB-5 Citizenship, Tax Hiker, Wholesale Gas Tax, Registration Fees, Stem Cell Research, Government Funding, Green Subsidies, Cowardly with Detroits Financial Disaster, Progressives, Been there done that with Granholm (all tags)
via The Windsor Square
A New International Trade Crossing would not be built with Chinese steel and was never going to be built with Chinese steel, contrary to a Detroit News columnist's assertion to the contrary, said Canadian Consul General Roy NORTON today.
Norton said whoever tipped off Nolan FINLEY did not "know anything about Canada's procurement policies" and created what he called "not a well-founded story." Norton said Canada doesn't have a preference for Chinese steel and the competitive open bidding process will yield a product that will give taxpayers value. (MIRS June 5, 2012)
Oh man, what a mess. Someone opened up the Pandora's Box about Canada's complete control over the DRIC bridge based on the Letter of Intent of $550 million. After all, there are the secret Terms and Conditions that have never been revealed in that letter that had to be negotiated. Note what the Consul General said "Canada's procurement policies."
When you supposedly provide all the money, then you can make all the rules. Michiganders finally have understood that. The issue became apparent over the use of the Chinese steel in the construction of the Bridge.
Of course, as I speculated, the real role that the Chinese will play is that they will be the P3 operator of the Bridge and will build, finance and maintain it over the next hundred years. It is an expanded role of that which they undertook in San Francisco. Naturally, that is required because no P3 proponents will ever finance the multibillion dollar DRIC boondoggle without Government guaranteed availability payments. Accordingly, the Chinese are prepared to step into the breach, provided of course that Chinese steel, labour and other materials are used. Or so they are leading everyone to believe at this stage.
One term Nerd.