Lack of land sales and growing debt highlight GTH Annual Report

The Global Transportation Hub’s annual report is showing major concerns for taxpayers as on top of the $150 million that has been already dumped into it, the debt level has risen to $40 million and the Sask. Party has made no land sales.

“I think the people of Saskatchewan should be concerned that the Sask. Party has so badly mismanaged the GTH with their sketchy land procurement methods that cost taxpayers millions of dollars and their lack of land sales despite constant assurances that they were going to happen,” said NDP GTH Critic Cathy Sproule. “It’s been a boondoggle and Saskatchewan taxpayers have been left on the hook to pay the tab.”

Despite again projecting $10 million in land sales, the Sask. Party did not sell a single acre and there is zero revenue from this stream. The outstanding loan from the Royal Bank of Canada has grown from $24 million to $28 million and the line of credit debt continues to grow. Interest payments are also continuing to grow, as taxpayers are now paying $845,000, up from $635,000 the year before.

The Sask. Party has paid millions of dollars for borrow pits that weren’t used by the foreign conglomerate that was hired by the Sask. Party to build the Regina Bypass. The annual report shows the outstanding millions of dollars is now recorded as a liability on the GTH books, to be paid back when land is sold or developed.

“This latest annual report shows why the people of Saskatchewan deserve a judicial inquiry into all the Sask. Party’s mismanagement at the GTH,” Sproule said. “It’s concerning that the Premier would order the Deputy Premier to reverse his stance on a judicial inquiry and walk away from his promise to launch one. With the debt growing and so many questions left unanswered, this government just wants to walk away instead of providing transparency and openness to the people of the province.”

Latest posts

49 emergency room nurses slam Sask. Party in letter

Poor working conditions, favouritism, $300K travel nurse pay at issue

REGINA - Today, the Official Opposition released a letter signed by 49 emergency room nurses in Saskatoon. The letter slams the Sask. Party government for failing to support Saskatchewan nurses and curb the province’s reliance on expensive out-of-province travel nurses.

Indigenous leaders call for meaningful Duty to Consult during day of action

REGINA - Today, Official Opposition Critic for First Nations and Métis Relations Betty Nippi-Albright hosted a Day of Action with Indigenous leaders from Nekaneet First Nation, Yellow Quill First Nation, Waterhen Lake First Nation, Onion Lake Cree Nation, Carry The Kettle First Nation, Key First Nation and the residential school support team from Yorkton Tribal Council. Together, they continue to draw attention to the Sask. Party government’s disregard for the Duty to Consult process. 

Moe’s Minister caught lying about dodgy donor deal

Records show former Sask. Party Finance Minister lobbied for Calgary surgery scheme on behalf of a major Sask. Party donor

REGINA - Today, the Official Opposition grilled the Premier and his Minister of Health after the Minister misled the public, claiming that he had not been lobbied by a former Sask. Party MLA when Saskatchewan's official lobbyist logs show the exact opposite.

Share this page