https://web.archive.org/web/201806011904...-by-quebec-pension-fund-caisse-1.1086331
Interview regarding REM and CDPQ Infra by Caisse. Unusual spot on BNN. Answers criticisms about scope changes and the schedule getting pushed. Makes one wonder what could happen if Toronto's subway gets privatized by an Ontario PC government after they upload it from the city or even GO Transit. Revenues are much closer to 100% farebox recovery in Toronto, and there is a definite economic moat around the subway and probably GO RER.
What are people willing to pay for mobility and accessibility in rush hour, etc. For the record traffic can get much worse in Toronto than it already is. Consider per GPS data on people's phones etc. that people spend 102 hours in congestion in LA versus 47 hours in Toronto. Even Montreal actually comes in at 50 hours per year. All per Inrix;
http://inrix.com/scorecard/# Imagine the revenue possibilities if traffic congestion doubled in Toronto? Hwy 407 has been a crown jewel for companies like SNC Lavalin that invested in it.