That's interesting. If this goes ahead (and I'm not optimistic), it could finish around the same time as the 'planned' opening of the Ontario Line/SSE/EgWest
Whomever is Premier at the time will be doing a lot of ribbon cutting
All the money is not spend in one shot but spread out over years in the budget so it's not as heavy as it sounds.
As an example, the current SSE and Eglinton West plans are 6.5 billion more than the original approved LRT plans. For that 6.5 billion, you could likely build the Sheppard LRT, a...
I think this is trotted out by successive governments but not true. They can magically blow money on a gas plant scandal yet for the same money could have built the Sheppard LRT. It's a not a limit that stops the government, it is a choice.
I was wondering what leverage the province has as the McGuinty government claimed the contract was rock solid. What if there was a provincial tax on tolls of about $0.25/km? It makes the 407 lose value and then breaking the contract has less penalty???
Maybe someone with some knowledge would know but I doubt that it was part of the contract as there was no details about the OL at the time of contract signing to include anything more than a knock out panel.