Thanks for the map. How much would a hypothetical Pearson to STC Sheppard Subway cost compared to the 401 highway tunnel proposal?
As a starting point, if you used the costs for the Scarborough Subway extension, with the maintenance expense removed, its about 9.2B which is around 1.15B per km. That includes land acquisition, and is inordinately expensive due to depth and the manner of tunneling.
IF you could drive those down, it might reasonably offset subsequent inflation and yield a similar'ish number.
If you use that number, you're at ~3km to get to Wilson at the GO Barrie line, then you're at about 7.4km to get to a future Bolton line, and its just shy of 16km on to Terminal 1.
The full line, using the figures above is ~18.9B.
Given the timeframes involved, it would certainly be more by the time it actually got built.
But a phased build out, 2 stations across the Downsview Lands in phase 1, would be ~2.3B, then you go literally one station at a time, and open them as you go, every 2-3 years, it would be about 1.2B annually.
Taken on its own (forgetting the rest of the Line 4 project), its about 1/5 of the cost of a 401 Tunnel, not including upgrading/widening all the roads that would meet same.
If one played with the nuimbers a bit, it could go as high as 1/3 the cost, but that would be a very extreme scenario (401 project coming in surprisingly low and this idea coming in quite high).
The rest of the Line 4 project is in the range of 16-22B depending on how many stations you build, and the cost of additional train storage (Wilson yard is a partial, but not full solution).
Take them together and provide a range of 35-41B Or about 40% of the cost of the 401 project. Extend Sheppard east to UTSC for another ~5-7B and you'll get close to 50% of the 401 project.
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Numbers will vary based on the time over which they are spent (inflation); and both construction cost choices and soft costs.
Were we hopeless optimists and you build cut and cover on the Downsview lands, elsewhere were land is sufficiently cheap, and likewise chose, even when tunnel boring not to go any deeper than necessary, you could take those numbers down a bit. In the alternative, if we opt for most expensive building techniques throughout and typical Mx soft costs, you might need to goose my estimates by 25%, or more.
For clarification on the 401, we don't have any serious proposal elements to cost with, but I've used a placeholder of 100B which many experts have suggested is a realistic ballpark. The high end estimates are closer to 130B.