Posts Tagged ‘cost’

Internet hosting the 2026 Olympic and Paralympic Winter Video games in Calgary will price about $ 5.23 billion, in accordance to the group tasked with exploring a potential bid. 

The brand new estimate, a part of a draft plan ready by Calgary 2026, is almost $ 1 billion greater than that of the Calgary Bid Exploration Committee, which pegged the worth at $ four.6 billion in June 2017.

Calgary 2026 mentioned Tuesday that $ three billion must come from taxpayers, by way of metropolis, provincial and federal funding.

The fee breakdown for every stage of presidency will not be identified, however Calgary 2026 president and CEO Mary Moran mentioned she hopes to know subsequent month — 30 days earlier than a Nov. 13 plebiscite concerning the Video games.

The rest can be paid for privately by way of ticket gross sales, company sponsorship and a contribution from the Worldwide Olympic Committee in money and companies.

Moran mentioned step one was calculating the $ three billion determine.

“Now we have to go have the dialog — who pays for what,” she mentioned.

All figures are in 2018 . Calgary 2026 says it did not embody the potential charge of inflation over the following eight years — which it estimates can be 2.25 per cent yearly.

By comparability, the 2010 Winter Video games in Vancouver and Whistler price roughly $ 7.7 billion.

U.S. snowboarder Lindsey Jacobellis competes on the Vancouver Winter Video games in February 2010. The Vancouver Video games price about $ 7.7 billion. (Mark J. Terrill/Related Press)

New amenities 

The plan consists of two new amenities in Calgary — a fieldhouse that might host determine skating and brief monitor pace skating, and a brand new mid-size area able to seating 5,000 to six,000 spectators.

Each amenities can be situated adjoining to McMahon Stadium, house of the Calgary Stampeders, which might be upgraded to additionally host occasions. 

The remainder of the occasions can be held in refurbished venues courting from the 1988 Olympics in Calgary, Canmore and Kananaskis. 

Ski leaping and mixed Nordic occasions are deliberate for Whistler, whereas the situation of curling amenities is to be decided.

The draft plan additionally requires a revamp of the Saddledome fairly than a brand new NHL-calibre area — which has lately been mentioned — though there’s a caveat saying a brand new area might be integrated into the plan.

There are additionally plans to improve the BMO Centre.

Extra infrastructure not included

There aren’t any figures included for potential infrastructure investments, together with potential transit expansions.

Moran mentioned that is not inside the group’s purview.

“We might says that is not a part of the Video games,” she mentioned. “If cities and provinces and nations resolve to put money into different issues… These wouldn’t be a necessity for the 50 days of the Video games.”

Moran mentioned Calgary 2026 anticipates $ 7.four billion price of financial advantages coming into Calgary and Alberta from the Video games.

She additionally mentioned there can be $ 2.2 billion of personal funding that might not materialize with out the Video games.

Calgary’s Saddledome, seen right here in September 2017, can be revamped to host Olympic occasions beneath the draft plan. (Jeff McIntosh/Canadian Press)

Moran mentioned she does not see some other financial growth challenge with the identical type of return on funding.

“That is the one initiative that can put individuals again to work immediately,” she mentioned.

There can even be housing left behind. The draft plan anticipates spending $ 583 million on lodging for athletes and others that can be changed into housing after the Video games. 

Calgary 2026 mentioned solely 20 per cent of that housing can be put in the marketplace, with the rest put aside for inexpensive, senior and scholar housing. 

The athletes village in Calgary can be within the Rivers District, appearing as a catalyst for East Victoria Park, which is slated for redevelopment and has been touted as the situation for a brand new area. 

Determine skater Brian Orser carries the Canadian flag throughout the opening ceremonies on the 1988 Winter Olympics in Calgary. Some amenities from these Video games can be reused in 2026, based on the draft plan. (Paul Chiasson/Canadian Press)

Contingency funds

The finances consists of contingency funding in case of price overruns, constructed into each capital challenge. Any cash remaining within the contingency fund would both be invested right into a neighborhood fund or returned to authorities.

“In our view, there’s far more potential for price financial savings than there are for overruns,” mentioned Moran.

The draft internet hosting plan is being introduced to Calgary metropolis council on Tuesday afternoon, offering another alternative to exit the bid course of earlier than the deliberate plebiscite.

The IOC’s deadline to submit a bid is January. IOC members will vote on a bunch metropolis in September 2019.

With recordsdata from The Canadian Press


The U.S. authorities menace to place a tariff on all Canadian-made automobiles could be “catastrophic” to Canada’s financial system, costing 100,000 jobs and including as a lot as $ 9,000 to the sticker value of a brand new automobile if Canada responds in type, sellers say.

Following lately introduced levies on metal and aluminum, U.S. President Donald Trump has repeatedly threatened in current months to impose the same tariff on Canadian-made automobiles, one thing the Canadian Automotive Sellers Affiliation warned Friday could also be sufficient to tip the whole financial system into recession.

The steel tariffs noticed metal face a surcharge of 25 per cent, whereas aluminum was hit with a 10 per cent hike. The president has urged the same plan for vehicles, one that may see 25 per cent on vehicles themselves, and 10 per cent on components.

“This — or something near it — could be catastrophic for not solely the Canadian automotive trade however for the financial system as a complete,” CAPA’s chief economist Michael Hatch stated at a information convention Friday in Ottawa.

The group, which represents three,200 Canadian automobile and truck sellers, says that greater than 100,000 manufacturing jobs could be at instant danger if tariffs are imposed. “Long run, oblique job losses at dealerships and elsewhere would drive this quantity a lot greater,” CADA stated.

Different current experiences from banks have had comparable conclusions, with Toronto-Dominion Financial institution lately calculating that the job toll from auto tariffs could possibly be in extra of 160,000.

Hatch’s evaluation means that Ontario would really feel the impression greater than anybody, because the province is dwelling to the lion’s share of all auto and components manufacturing in Canada.

On the buyer facet, CADA estimates that if Canada responds with comparable tariffs of their very own on U.S. vehicles — simply as they did in retaliation to the metals tariffs — he expects the common value of a automobile to extend by between $ 5,000 and $ 9,000, relying on the make and mannequin. The typical new automobile in Canada at the moment prices about $ 40,000, CADA says.

“Impacts on trade on each side of the border will likely be vital however in the long run it’s the American client that may pay by far the most important value if tariffs are imposed,” Hatch stated. “These figures aren’t alarmist, they’re the truth that we face.”

Automobile dealerships make use of 156,000 Canadians, CADA says, and as many as 30,000 of these jobs might instantly be in danger if any automobile tariffs come to cross.

“In a commerce battle, we level the weapons at ourselves,” Hatch stated.

The group urges lawmakers to do something they’ll to keep away from that state of affairs, by working to safe a brand new NAFTA deal. But when the worst ought to occur, CADA is recommending three steps it desires the federal authorities to take with a view to decrease the harm:

  • Reduce gross sales taxes for new automobile gross sales to offset the tariffs.
  • Implement a “money for clunkers” fashion program that may encourage house owners to commerce of their older automobiles.
  • Produce an instantaneous suite of private and company tax reforms aimed toward enhancing Canada’s competitiveness.

Whena international student verkry’n Canadian degree of well-known Canadian university, they get good exposure for career advancement. Volgens’n recent survey, it was reported that approximately 1, 30,000 students from different parts of the world have enrolled themselves in different universities in Canada for higher education.

Higher education in Canada is considered by many experts to be relatively peaceful, safe and orderly. Diploma and degrees from Canadian universities are considered equivalent to those awarded by the united KINGDOM and the USA universities. The jobs in Canada are many and its degrees are recognized all the coverage of the world.

in Comparison with the European and American universities, the cost of study for international students in Canada are low and affordable. As a international student, you may have to spend between $ 20000 to $ 40000 Cdn annually for the purpose of what your tuition and living expenses in any reputed Canadian university. This is the average cost of living in Canada and will vary depending on the program, the university you are enrolled in the life choices and your location. The average cost of living and study in any Canadian university will be discussed in this article in details.Tuition fees
It is important to understand that the tuition fees for international students vary across universities and programs. Tuition fees for undergraduate courses range from $ 14, 600 to $ 47,621 Cdn based on the course that you are enrolled in. Similarly, the tuition fees for the postgraduate courses range from $ $ 11,634 up to $ 44,800 Cdn.
Housing costs
Most of the Canadian universities offer on-campus residence designed just for international students in Canada. You must understand that the adoption in a Canadian university does not automatically mean that you can kry’n room in a hostel. In order to get accommodation in the campus hostel, one has to apply separately for the on-campus housing. If you do not get live on campus, you can choose to live off-campus in an apartment or apartment. Depending on the city or neighborhood and the type of accommodation, the rent vir’n apartment can range from $ 500 to $ 1600 Cdn per month.
Transport costs
Most of the students opt for the on-campus residence, so that they can easily walk to the campus. Students who live in off-campus apartments to choose public transport such as ferries, buses, metro and commuter trains. Monthly passes for public transportation costs about $ 90 Cdn per month. Many transit accommodation providers in Canada offer student discounts also.
Health insurance
It is mandatory for all international students in Canada to have health insurance. Health insurance or medical insurance coverage available for international students can vary from province to province. Medical coverage generally is dependent on the length of your stay, but the province of Alberta, British Columbia, Saskatchewan, Labrador, Newfoundland, and Manitoba cover international students under their provincial health care plan.