Ontario Line cost has tripled from original 2019 projection: Metrolinx CEO
Metrolinx CEO Michael Lindsay has revealed that the cost of the Ontario Line subway has tripled from its original $10.9 billion projection announced by the Ontario government in 2019. The current estimated cost is around $34 billion, according to Lindsay. The final total is expected to exceed this amount as the elevated guideway contract process is still pending.
Lindsay attributes the cost increase to factors such as trade uncertainty and supply chain shocks. Premier Doug Ford's government had initially estimated the cost at $10.9 billion when the subway line was proposed to run from Exhibition Place to east Toronto, through downtown. Lindsay explains that Metrolinx employs a competitive process for contracts and carefully reviews line items to ensure efficient spending.
NDP Leader Marit Stiles expressed concern over the consistent overruns and delays in large transit projects.
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