unimaginative2
Senior Member
The province has only committed to funding 2/3 of these projects - their desire is that the feds would pay the other 1/3. However the latest budget makes it clear that will never happen - at least with the current jokers running the place. So the city is going to have to come up with 1/3 of the cost here. If people propose $20 billion of subway, the city still needs clost to $7 billion.
First of all, nobody said anything about $20 billion of subway. We're talking about a plan with marginally increased cost over the existing Transit City. The province will either pick up the remaining third, or the Federal government will eventually come through. We'll have an election pretty soon.
Building the proposed 13.6 km Sheppard East subway as LRT would cost $2.7 billion using a conservative $200 million per km. $250 million per km is likely more appropriate if you want to cost like Transit city in future $, in staed of current $ - so that's $3.4 billion - and that doesn't include vehicles. So a 5-time multiplier doesn't seem unreasonable. Also as noted above, building a good chunk of this as subway is likely a good idea - and probably easier to build a new intermodal station at Victoria Park, than try and get something convenient retrofitted into Don Mills.
Where on Earth are you getting these figures? $200 million a kilometre for LRT? What are you talking about? Do you mean Hong Kong Dollars or something? And you think subways will cost 5 times that?! I'm afraid you don't have too much credibility on this issue. There isn't a subway in the world that costs that much. Hell, I don't think Crossrail even costs that much. If you actually believe it costs $200 a kilometre for LRT, you still haven't mentioned any benefits that it would bring in terms of travel time or reliability to justify that massive cost.