City’s LRT Overrun Now 16% And Rising

 

Note that the $145-million-plus overrun represents a budget overrun of just less than 7 per cent. However, since the city’s initial share of the $2.1 billion project was $900 million, that $145 million represents a more than 16 per cent budget overrun at the city level … and counting.

The “and counting” is important. It is my understanding, as related to me by a former city elected official, that the city has already settled with its insurance provider, for less than 10 per cent of the costs at issue in a lawsuit with the consortium that built Stage 1, Rideau Transit Group.

This is on a project former mayor Jim Watson boasted was fixed-cost, iron-clad and thus risk-free. Might be a follow question for the Citizen on its two-page advertorial in the entertainment section from a couple of weeks ago.

Ron Benn


RECOMMENDED FOR YOU

LRT Stage 1 Real Cost … $2.245 Billion

Free Transit Is Not Free: BENN

The Argument In Favour Of Free Transit

DON’T MISS OUR REGULAR FEATURES
Everything Ottawa      Full Local     Bulldog Canadian
Opinion    Comments    Breaking News    Auto
Ontario   World    Get Cheap Gas   Big Money
Pop Gossip   Your Home    Relax …   Tech
Bulldog Weather    Full Local Sports
TV/Movies   Travel
Page 2   Page 3   Page 4   Page 5   Page 6

 

Other features:    Full Bulldog Index    Return to Bulldog Home

Leave a Reply

Your email address will not be published. Required fields are marked *

 

Paid Content

Home   Full Bulldog Index