Quote:
Originally Posted by xd_1771
^ What doesn't make sense is how the cost triples in 14 years.
A 1998-2000 study (one of the two years, can't remember which one off the top of my head) had the cost earmarked for an extension to Arbutus at just under $600 million. Then again, service levels were lower the time. Still, that the cost actually tripled seems rather unreasonable, unless the first study had something overlooked. Or did that study cut-and-cover but not bored tunnel?
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Annual inflation at 2-3% plus rising costs in labour and materials since, expanding project scope and different definitions of costs...
When the Evergreen Line was first axed by the provincial government in 2002, it would've cost $700-million. 5 years later when the project was revived as SkyTrain, cancelling Translink's $900-million LRT plans (even LRT was originally $700-million when first proposed in lieu of SkyTrain, and was steadily becoming a billion), it became $1.2-billion. The "final" cost of Evergreen as of this year is $1.4-billion.
With the Canada Line, the very...very...very first estimate on the cost was $1.5-billion. That was in 2001.
My recollection for the Millennium Line stations that opened in 2002 were that they cost $20-million or less, except for Lougheed, Commercial, and Brentwood which were slightly over. VCC-Clarke opened in 2006 at $30-million. The Canada Line's No. 3 Road stations cost $20-million each, and the anticipated Capstan Way station is nearing $25-million already...probably $30-million when construction actually begins. Most of the Canada Line's underground stations were between $30-50 million...City Centre was $50-million.