The cost of building the Ontario Line has risen once again and Metrolinx CEO Michael Lindsay says that the total budget will remain “under pressure” amid “one of the worst supply chain shocks” in decades.
Lindsay confirmed at an unrelated press conference on Tuesday that the awarding of a $4.32 billion contract for three-kilometres of tunneling underneath Pape Avenue and the construction of two underground stations has pushed the current cost of the Ontario Line to around $34 billion.
That is more than three times the original $10.9 billion cost estimate that was first shared for the project back in 2019.
Someone is getting rich.
