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The question is, when will QP have enough money.
I can't see QP putting anything into this at this time, save for what Metrolinx might have in terms of savings from not doing all the other projects that would otherwise need to be done. Even the Feds wouldn't have to put in that much, perhaps a $1B, (Maybe 2 if the final price doubles from $5B) depending on total costs. I see this being a project for the Infrastructure/Investment Bank, and private funding would be ostensibly in a ratio of 4:1. The Fed portion would guarantee the project has the potent powers of the Railway and Relocation Acts. Union Station was enabled by an act of Parliament:
With the GTR making the first agreement with the city, the GTR and the CPR reached a tentative agreement by 1905. In 1906 an act of the Federal Parliament created the Toronto Terminals Railway Company (with the CPR and the GTR each controlling half interest) with a mandate to construct a new station and rail yards south of Front Street (Figure
4).
9
http://www.cnr-in-ontario.com/Reports/index.html?http://www.cnr-in-ontario.com/Reports/RSR-003.html
The CP Portion of the Bypass is longer and the real estate more valuable. Building both CN and CP at once might be prohibitive.
Under the Relocations Act, CN can be required, with compensation, to share the track that is theirs. In the event, a third track may or may not be necessary for CN to use as a service siding for local industries. CN's stretch might be acquired (perhaps even likely to be so) by the new Consortium, and then dispatched like TTR is. It would of course require state of the art signalling if it remains dual track and hosting both CN, CP and any other carrier.
Yup. I agree. I think Patrick Brown needs to make this an issue in the election. Promise all day service on all corridors.
Whoa...stranger things have happened, but I wouldn't for a moment expect that. On the other hand, Wynne is about to 'toss Toronto to the wolves' for votes in the 905 region, and is starting to do it already saying 'no' to Toronto's demands for endless project financing.
There's going to be fireworks if not flat out war come the next election. One thing I do see as possible, but it's very hard to know where Brown's real motivation is, but look for partial if not complete privatization of Metrolinx!
I wouldn't necessarily be against that, provisos pending, but wouldn't trust Brown et al to do it. I would trust (with caveats and trepidation) old school OntCons, Bill Davis style, as Metrolinx is underfunded in some respects, overfunded to the point of burning cash in others.
For the massive sums going in, we're not seeing a good yield. Some of the thinking coming out of VIA is much more aligned with where I think Metrolinx should be headed.