Maintenance Costs: Track Project and Capital Costs

maintenance costs: At a special meeting of Tory executive committee Tuesday afternoon, councillors in the mayor inner circle voted to approve the deal, which would make the city responsible for all of the capital costs of the Smart Track project that was the cornerstone of Tory mayoral campaign, according to The Toronto Star. It would also commit the city to the annual operating and maintenance costs for as-yet-unfinished LRT lines, estimated to be tens of millions of dollars a year, and millions more in expenses to bolster the province GO Transit regional express rail plan. By Ben Spurr Transportation Reporter Tues., Nov. 1, 2016 Mayor John Tory is pushing ahead with a multibillion transit agreement with the province, despite claims that it saddles the city with a disproportionate amount of the costs of expanding the transit network, and will compel the municipality to foot the bill for Ontario regional rail plan. Before the vote, Tory said he was carrying out his mandate to bring more transit to Toronto. That is certainly one of the main things that I thought I was sent here to do, he said. We're moving a transit plan forward in partnership with the other governments. (news.financializer.com). As reported in the news.