Quote:
Originally Posted by GreaterMontréal
maybe because no other pension funds wants to invest in this transit project.
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then lets see that in the form of a bid. If Caisse is the only one who bids, fine. You just can't come out and sole source this type of thing. The Heathrow terminal and Canada line were both competitively bid before being award, as are most P3s.
GO RER being from the new funding push has always been known. There will still be a good chunk of cash leftover after it though, probably around $6 billion to split around the GTA. I expect the province to fund the Hurontario LRT and the DRL if it is determined that it is required (at this point it is looking like it will be ruled unneeded for another 15 years or so, putting off the funding decision). After that, it will be interesting to see what comes from it. I doubt the province will play game with Hamiltons decision to force the province to pay 100% of it however, they will likely be looking for municipal contributions.
My hopeful list for what goes ahead with the cash:
GO RER
DRL phase 1
Yonge extension to Steeles
Hurontario LRT
Hamilton LRT
The rest of the stuff (primarily BRTs) can wait a little while. The elimination of the full yonge extension and the full DRL along with the BRT projects should cut the funding requirements to fit, especially if you can get some municipal contributions.