How much did the Finch LRT project cost?

The Cost of the Finch LRT Project

The Finch West Light Rail Transit (LRT) project is an ambitious infrastructure undertaking designed to enhance public transportation in Toronto, Canada. The project involves constructing an 11-kilometer transit link connecting the Humber College campus to the Finch West subway station.

Project Budget

The initial budget for the Finch West LRT project was estimated at $2.5 billion. This substantial investment reflects the project’s scope and complexity, which includes building a new LRT line, stations, and related infrastructure.

Project Progress

Construction on the Finch West LRT commenced in 2019, and the project is expected to be completed in 2023. The project is currently on track and within its allocated budget.

Significance of the Project

The Finch West LRT project is a significant investment in Toronto’s transportation system. The new LRT line will provide residents and commuters with a faster, more efficient, and more environmentally friendly way to travel. It is estimated that the LRT will reduce travel times by up to 15 minutes and increase ridership by approximately 50%.

Benefits of the Project

The Finch West LRT project is expected to bring numerous benefits to the community, including:

• Improved public transportation options
• Reduced traffic congestion
• Enhanced economic development opportunities
• Improved accessibility to education and employment centers
• Reduced environmental impact

Conclusion

The Finch West LRT project is a major infrastructure investment that will significantly enhance public transportation in Toronto. With its estimated budget of $2.5 billion, the project represents a commitment to improving the lives of residents and commuters alike. The project is on track to be completed on time and within budget, promising a brighter future for transportation in the city.