urbanclient
Active Member
Yes, the total costs are for construction, maintenance, and operation.
The number taken was not the total cost, as is explicitly written in the note, but the incurred costs, aka the costs so far by the end of construction.*
The incurred costs by the opening is when construction is paid out, and maintenance and operation has not yet been paid out or started. Thus, Incurred costs can approximate the cost of construction.
Unless you are arguing that MX is paying for O&M before O&M began, or that MX is paying for construction after construction has finished. (The latter of which you would not, because that would make the costs of const. higher)
@urbanclient has already responded this to you (now twice). I am not sure why you are repeating it, again, without addressing the response.
If you are capable of sourcing a more accurate note that explicitly does not contain O&M, and is recent and up-to-date with cost escalations, I would be more than happy to adjust.
The source you have cited is from 2022, and states total cost of 2.5bn. MX in 2025 says 3.7bn total. Things change, and I am inclined to go with the more recent source.
* Yes the numbers are a few months off opening. I probably lose more accuracy to inflation than I do that, as the dollar sum is just summed of that dollar value, each year, which makes it impossible to properly inflate from one value.
Seconded, but they probably have me muted because they don't like reading novels.
If anything though, the $2.548 billion is probably an undercount, because it does not reflect the payment made upon substantial completion (November 12, 2025). They incurred more than $29 million in just Q3 on Line 6.
Now we know the 30 year contract was worth about $1 billion, so really, $2.5 billion for 'construction', not including stuff like contingency etc. is probably fairly accurate. I say this assuming the $500 million withheld until substantial completion is accurate, which would mean total costs incurred would be $3 billion by now, which seems too high because it would mean the maintenance contract is only worth $700 million. 3.7-2.5= $1.2 billion; 1.2-0.5=0.7 billion aka $700 million. IMO part of that $3 billion incurred costs is likely contingency or something, with most of the increase from the original $1.2 billion being due to variation procedures i.e. change orders, non-discretionary/discretionary changes, relief claims post-COVID etc.
Sources:
Table 1: CPG (Rapid Transit) Capital Projects Incurred Costs to June 30, 2025
Table 1: CPG (Rapid Transit) Capital Projects Incurred Costs to September 30, 2025
"A sizeable payment will be made by the Province at substantial completion"
https://globalnews.ca/news/10779971/finch-west-lrt-lawsuit-delays/
Meanwhile...
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Section of Line 6 Finch West LRT shut down, delays on rest of line
The TTC says a section of Line 6 has been shut down, while delays are being reported on the rest of the line due to mechanical problems.toronto.citynews.ca
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