kEiThZ
Superstar
I really don't get this. What de-risking is left?
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VIA Rail
- Thread starter ehlow
- Start date
sacred
Active Member
So no investment in passenger rail because too many men are in the construction industry...
Allandale25
Senior Member
Dealing with Metrolinx at Union Station? A bypass around Sharbot Lake? The Scarboro Junction situation? Old bridges in Peterborough? Could be several aspects.
crs1026
Superstar
Here's a tidbit - only three years of funding
Allandale25
Senior Member
It's just some lens commentary applied to all programs/projects if you actually look at the budget. It's not as if HFR is being singled out. Nothing to get worked up over or extrapolate on, in my opinion.
innsertnamehere
Superstar
more detailed design is my guess.
I mean we have literally seen nothing on the project other than a back of the napkin map. Do we even know how much design work has occurred? The complete lack of public process here is astounding.
kEiThZ
Superstar
What have they been doing for the last two years?? What was in the JPO submission that was supposedly turned in?
And the very fact that have half a billion penciled in over the next 5 years, says they may not actually do anything for the next half decade. Once again they are prioritizing anything and everything over Infrastructure. They just lost my vote.
Allandale25
Senior Member
^ Looks like $12 million will be spent between April 1, 2021 and March 30, 2022 (I believe that's the fiscal year). One would hope some pages of the JPO's work could be provided 
crs1026
Superstar
Perhaps Ottawa is directly funding some bits that the CIB felt impaired the business case? Which gives the CIB assurance to make its own investment decision?
Nevertheless the use of the word "explore" and reference to "next steps" says to me, this is not a "go". As does the pretty meagre cash flows by year.
I'm feeling the same as when I watch the Leafs lose in overtime. I actually waited up for this?
- Paul
UrbanJon
New Member
I interpret from this that HFR won't start construction until 2026. In the very best case scenario, it means that HFR won't be finished until 2026, which isn't great either.
Basically, that means HFR is dead. Political instability is going to kill it in that time frame, especially if it keeps dragging its feet.
RIP VIA. HFR was VIA's last hope.
crs1026
Superstar
^The discrepancy between $396M and 491M is likely the lack of a sixth year in the chart. Text says it's a six year program but charts only run five years out.
- Paul
- Paul
p_xavier
Active Member
Funding is supposed to come from the CIB, I'm even surprised there's HFR referenced in the budget.
Allandale25
Senior Member
^ Good point
DirectionNorth
Senior Member
I'm honestly confused. What parts of HFR can VIA do for $500 million? It can't build any substantial trackage, but it's too much for studies. If funding comes from the CIB, is this just a partial grant?
p_xavier
Active Member
Derisking, or funding the contingency for the CIB I assume.