Comment 111798

By kevlahan (registered) | Posted May 27, 2015 at 14:06:36 in reply to Comment 111789

I think you did misunderstand yesterday.

From the press release:

"The province will cover 100 per cent of the capital costs of building the LRT, which will help grow the economy, reduce travel times and connect people to jobs and to other transit systems."

And the Province estimates this 100% cost to be up to a maximum $1 billion (it could be less). This was clarified at the press conference.

Of course, as in any project, there could be cost over-runs. But the Province is clear that it is paying 100% of the capital costs, and it expects these costs to be no more than $1 billion. Note that the Province will own the system.

Comment edited by kevlahan on 2015-05-27 14:09:35

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