Costs of major transit projects will far exceed their benefits, according to Metrolinx reports

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The analysis released Friday of the subway extension concluded it would bring $2.8-billion in benefits over a 60-year period, and cost about $5.5-billion to build

. The Ontario government had last year pegged the cost at this level, which is about $2-billion more than the amount budgeted by the city when it was in charge of an earlier version of project.

“I think this is going to suck up all of the money and I think politicians should be upfront about that. This is what we’re going to end up with, if at all.” “Today Metrolinx finally admitted that the Scarborough subway costs simply aren’t worth it,” he said. “It’s been years that Scarborough subway advocates haven’t been telling the truth to Scarborough residents and people across the city.”The city had budgeted $3.56-billion for a one-stop Scarborough subway extension. During the last election campaign, now Premier Doug Ford pledged to add two more stations. The version being studied by Metrolinx includes the additional stations.

 

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Hellooooo! Transit anywhere in the world is not profit making proposition. You want it to be? What the hell is wrong with you? Travel to Stockholm or Vienna and see what a good transit looks like. But then , their cities and people look wonderful, unlike yours.

So these projects go ahead while HamOnt LRT with much higher cost benefit gets political interference & cancelled? This is looking more & more like fordnation's very own version of the gas plant scandal moore_oliver jeffreybgray QPnewsboy rath_randy

Yet yyccc is soooooo much smarter and they will do Transit right. Despite the utter disaster that has been greenline thus far somehow, someway they will get it done on time (ha) and on budget(hahahaha) and it will deliver allthey promise and more (hahahahahahahahahaha)

Whhhhaaaaaatttt?

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