Quote:
Originally Posted by SteelTown
Have they mentioned about any possible cost overrun and who would be responsible?
I know with the $1 billion cheque, Queen's Park would be responsible to cost overrun.
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That's the same here. Province is responsible for literally all costs but operating the LRT - and even that the City gets to keep fairbox revenue to pay for.
It's about the best possible deal imaginable for the city. Not only does it not have to pay a dime for construction, maitenence is covered for the asset over it's lifetime by the province as well. The tracks will be replaced on Metrolinx dime, not the City's, LRVs replaced by the province, etc.
It's basically a massive free piece of infrastructure for the city with no real strings attached. The province is even going to pay for the expensive work of cleaning up all the ancient utilities along King St for free. The amount of resistance the project is facing is nothing short of stupifying.