Southeast Transitway/Southeast LRT | ~17 Stations | $2 Billion | Proposed

[MalcolmTucker]

Well, much depends on the time frame for funds from other levels of government. Lets say the total project cost is $6 billion (throwing in either the full Stephen Ave subway or a roughed in central station depending on the cost of the rest of the project). The payments at current interest rates would be $308 million a year.

That sounds like a big number, and it is. So cover off 25% from the federal government through the mass transit fund ($1 billion a year nation wide) and Building Canada Fund. $77 million covered.

That leaves $231 million a year for capital costs. If the city decided to dedicate the provincial gast tax transfer to the project, that is $124 million + a year. So down to $106 million a year. Take the $52 million education property tax clawback capital fund and you have a $54 million dollar hole. Cover the rest off with capital MSI/the msi replacement and or another property tax rise dedicated to a popular project and there you have it.

Assembling the grant stack will take lots of maneuvering, especially since the province and feds may end up on a collision course about the use of P3s, and we would have to delay other projects. But it isn't impossible.