Weston says a lack of information led to bridge funding hold up
Federal Government wants more details on loan
Courtney Amirault News 88.9
Mar 11, 2010 06:33:36 AM
SAINT JOHN, N.B. - The Saint John Harbour Bridge stalemate continues.
The Bridge Authority continues to wait on the Federal Government to sign off on a loan to pay for $35 million dollars in repairs.
The loan, from a private lender, requires approval from all three levels of government.
The Federal Government recently sent a request for more information on the lender and the terms of the loan.
Saint John Federal MP Rodney Weston says it all boils down to a lack of information provided in the original request .
"They haven't provided the information and they're looking for approval to borrow 35 million dollars," he stated. " I would expect that any group borrowing 35 million dollars would have the knowledge of the interest rate, how long it would to pay it back, and at what cost to Saint Johners? I mean, that's basic information that should be provided."
Weston says comments made by Harbour Bridge Authority Chairman Bob McDevitt questioning the hold-up for repairs are unfounded.