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Tasha Kheiriddin: Airport privatization is now on the 'Canada Strong' agenda

Care should be taken to make sure public infrastructure isn't transformed into a cash cow that gives zero milk to taxpayers

Prime Minister Mark Carney has spent the last year and a half asking Canadians to embrace his “Canada Strong” agenda. We’ve all heard the slogans: Build more. Invest more. Approve projects faster. But while much of his plans depend on state action, they also require attracting private capital — and in some cases, trading on the value of public assets currently sitting on the government’s books.

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Now Canadians are about to discover what that means for their local airport. Last week, Carney announced that Ottawa will seek private investment through long-term concessions to operate Canada’s four largest airports: Toronto Pearson, Montreal-Trudeau, Vancouver and Calgary. The government would retain ownership of the underlying land and assets, while private operators would obtain the operation rights.

Tasha........

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