Quote:
Originally Posted by LikeHamilton
How come Mississauga longer LRT is only $1.5 billion?
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I don't think that's still accurate.
According to Infrastructure Ontario, the project is valued at $4.6 billion, and that cost is using the same DBFOM (design, build, finance, operate, and maintain) model that ours was using, and it includes the 30-year operating cost.
Some simple math shows that the $3.6 billion capital cost estimate is about 65.45% of the total $5.5 billion cost estimate in Hamilton. If we use the same percentage of 65.45% capital costs on the Hurontario LRT total of $4.6 billion, we get a total of just over $3 billion for construction cost, with the remaining $1.6 billion being the 30-year operating cost.
Cost per kilometer of the Hurontario LRT is about $167 million with my $3 billion estimate. Very close to the section 1 Calgary number. Cost per kilometer of the Hamilton LRT is about $250 million with the $3.6 billion figure. Higher than Calgary and Hurontario for sure, but certainly not unheard of. (And look at the section 2 Calgary number - $550 million per kilometer - yikes!)
Why the $600 million difference between the projects? Not sure, but a gap of $600 million is a lot less than a gap of $2.1 billion. ($3.6 billion to $1.5 billion)
Not a defense of the actions taken as I'm in strong favour of the LRT, but the numbers are the numbers, and the reality is that the project costs a lot more than originally expected. (And so does Mississauga's)