star: Both documents were reported by the Star Thursday before they were made public.TTC capital plan released Friday says about 24 billion of capital work needed over the next decade and a half in order keep the system in a state of good repair and meet expected ridership growth is currently unfunded, according to The Toronto Star. Cole Burston / Toronto Star File The capital plan says the agency will require 33.5 billion of capital investment over the next decade and a half in order keep the system in a state of good repair and meet expected ridership growth. The TTC capital plan was released Friday along with the agency's proposed 2019 operating budget, which recommended a 10-cent fare increase. A staggering 23.7 billion of those costs, which don't include the expense of building new transit lines, is currently unfunded, according to the TTC. Projects it says are required include increasing capacity on subway lines, replacing the bus fleet, building a new bus garage, buying up to 100 new streetcars, and replacing streetcar track and power systems. Article Continued Below This is the fate now faced by some other major transit systems in North America that allowed their assets to badly deteriorate. Without the investments outlined in this plan, service reliability and crowding will worsen, warns the report, which is signed by TTC CEO Rick Leary.
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