Did I miss a memo? I have always understood that the cost of this project was originally set at something over $1B
2017...
The Hurontario Light Rail Transit project is inching closer to reality, with the province issuing a request for proposals for the $1.4-billion project.
www.mississauga.com
Earlier this year....
The provincial transit agency announced Thursday it would remove the downtown Mississauga loop, eliminate three stops.
www.mississauga.com
But then....
Infrastructure Ontario (IO) and Metrolinx have awarded a contract valued at $4.6 billion to Mobilinx Hurontario General Partnership (Mobilinx) for the Hurontario LRT. The contract requires Mobilinx to design, build, finance, operate and maintain the new transit project for a 30-year term.
www.infrastructureontario.ca
Was there ever a public reaction to this huge escalation?
ML is always touting its Business Case methodololgy..... I wonder what the benefits ratio becomes at the new cost figure.
I'm not arguing against this project, and I realise that the $1.4B was always understood to be a placeholder that would rise with time.... but are we so conditioned to costs exploding that we let this one slide by without a reaction? $1.4B to $4.6B is more than just the usual escalation in cost over time.
- Paul