Canada Global(Web News)The cost of delivering Premier Doug Ford’s signature subway project has risen by billions of dollars, as construction continues in Toronto.
A Metrolinx rapid transit project report released in late June showed the Ontario line is now set to cost taxpayers $27.2 billion to build and operate, a 43 percent increase from two years ago. The project has cost taxpayers $5 billion in construction costs so far, with about $600 million spent between January and April of this year.
The Ontario Line, set to run from the Ontario Science Center to Ontario Place, was unveiled by Premier Doug Ford in 2019 as part of a $28.9 billion subway expansion plan.
The route is designed to act as a relief valve for the city’s Yonge/University subway line, offering an alternative route from north to south through new neighborhoods.A Ministry of Transportation spokesperson said the line will be transformative for Toronto residents, reducing congestion on existing subway lines and creating approximately 50,000 jobs within a 45-minute commute.
