Except the budget is so padded with contingencies that so called on budget is really not that great a performance. (It's like someone padding the schedule so much that no project would be delayed.) Oldest trick in the book - highball costs/time and coming under to look good.
There's nothing particularly padded about the Spadina subway's budget. Yes, there's contingency in there - as there is for any major engineering project. But as far as I know, it's a pretty typical allowance. There's always unexpected shucks going to happen - be it contractor's bailing, or mortal injuries. If you want to look at what happens, when you let the bureaucrats get their hand's on the budget, eliminate all contingency, and fix the cost estimates to what they think it should cost, look at the 3-station Orange-line extension in Montreal. If you want a realistic estimate of what things are going to cost, so you can budget properly, and get various governments to fund appropriately, you include contingency.
by the way, isn't the extension supposed to serve the Pam Am games? Guess it won't open for that after all.
Where did you get that? Look at the Pan-Am Games bid book. Not only was there no mention of the Spadina subway line being completed (they did however mention James Street North GO Station in Hamiltion and the UPX), there were no events actually planned at York University.
The games were awarded in November 2009, at that point TTC was targeting Q3 2015 for the subway opening. By the time major construction started in 2010, they were targeting late 2015. This is before there was talk of moving Pan Am events to York University.
NYC/London aside (not comparable at all), did it cost those other cities 6 years to build 6 suburban stops?
Not sure why London and New York aren't comparable ... other than not supporting your case.
The Blue Line in Bangkok took less than 8 years to construct (1996-2004), including delays due to the massive 1997 Southeast Asia financial crisis. And it has 18 stops, not 6 stops.
The length isn't much of an issue, given that each station is a different contractor. And the tunelling involved 2 pairs of TBMs with 2 different contractors. If you triple the length, you'd use 6 pairs of TBMS and 6 contractors. Spadina major construction started in 2010. Not seeing the issue here. And actually I was thinking of the more suburban City Line (blue) service of the Bangkok Rail Link, which was supposed to be complete by 2006, and finally started operating in 2010, even though some stations still were not complete, and very over budget.
And of what of Montreal? The Laval metro extension was so much over budget, it lead to a provincial inquiry, with the original budget of $179 million ballooning to closer to $800 million. (much of which just how poor the initial cost estimates were).