Funding Delays Add Slightly to Toronto's Light Rail Timeline
Metrolinx president and CEO Rob Prichard said the city's plans to build a network of light rail lines would be delayed only slightly, adding two years to the original eight year timeline. Prichard says that the plans will move ahead, even though more than $4 billion in provincial funding will be delayed.
"'I think we have a plan that is bold, aggressive, doable, that will will deliver major transportation improvements for Toronto,' Mr. Prichard said.
The provincial government announced last year it would commit $8.15-billion to fund four light rail lines that make up Toronto's so-called Transit City. But TTC cost estimates came in about $2.4-billion over budget, Mr. Prichard said today, which is why the first phase is more than twenty kilometres shorter than first envisioned."