Doesn't this project qualify for federal funding because it will be a P3, why don't they use those funds instead of scaling things back?
It's my understanding anything that falls off the "scope ladder" gets bumped to a Phase 2, which would require another stage of funding. The extension to Stoney Creek is part of Phase 2; and is shown on the LRT map that came out in the summer.
Observe "Phase II". Anything that falls off the scope ladder isn't permanently cancelled but postponed to a future phase. Also, this is a very important core route (like YUS), not a Sheppard route, so the next dollar that gets funded for LRT, would complete work that was bumped off Phase 1 (capped at $1.2 billion; though the media is quoting the rounded-off $1 billion fiture).
Fortunately, our LRT is much simpler than Ottawa's Confederation and Toronto's Crosstown, being a very straight-arrow route on a wide artery with only one single overpass (403), and no tunnelling. This of course, does not mean the project is risk-free, and LRTs will often cost-overrun -- but not necessarily all of them -- we're watching great positive progress in Waterloo's ION LRT and hope Metrolinx can learn off that, as well to help keep Hamilton's LRT budget under control.
It is also additional noteworthy that Ottawa got Phase 2 funding for their LRT extension, while Phase 1 is still under construction. This could happen during the 2018 and/or 2022 election campaigns. Funding of Phase 2 could come from additional sources, such as the Federal government, as all major parties (to varying extents each) has indicated increasing transit funding.
However, we've started a citizen advocacy (see next post) to keep an eagle eye on this, and make sure that we get the maximum benefit out of every single taxpayer dollar.
It is also noted that Metrolinx has said the City will need to pay for things like utility relocations, and water main work. Some of this is work the City needed to do anyway, but now needs to be accelerated.
Also, at the City meeting, construction will be a rolling system -- it won't be 5 years nonstop construction for the whole stretch; only (a fairly large, but not too large) section will be worked on at a time, to minimize business disruption.