kEiThZ
Superstar
Those estimates are also over 10 years old.
$540 million for the Waterfront West line seemed reasonable.
Funding for the lines was going to be provided by three levels of government.
I believe the Eglinton LRT is being paid for entirely by the province.
Even if the estimates were off, these lines provided a lot more value than the alternative.
Forget 10 years old. Those estimates went out of date immediately. They vastly underestimated them.
They estimated 15 years and $6 billion to construct all the LRT lines:
https://www.thestar.com/news/2007/03/17/success_driven_by_ttc_miller.html
Eglinton alone went from an estimate of $2.2 billion to $4.6 billion in just 3 years:
https://transit.toronto.on.ca/streetcar/4121.shtml
My only question is whether that gap between initial and detailed estimates was a result of intention or incompetence.