York Region could be on hook for another $160 million for Spadina subway extension

Yorkregion.com
Jan. 15, 2016
By Lisa Queen

After having to pitch in an additional $92 million last spring toward the over-budget and delayed extension of the Spadina subway, York Region could now have to contribute another $160 million, according to a TTC report on the project released Friday.

The six-stop subway extension to Vaughan is another $400 million over budget, the report said.

York’s share of the cost overrun is $160 million, while Toronto would owe $240 million.

The total cost of the project is now projected to be $3.2 billion, up from the original forecast of $2.6 billion

The additional funds are needed to cover a variety of extra costs, such as known claim settlements, identified changes in scope that have not been finalized with the contractors, under-estimated budget for the remaining project scope, co-ordination of the work, risk mitigation strategies, litigation management costs and the forecasted cost exposure for unresolved claims and litigation matters.

The subway extension saw start-up delays, poor performance by some contractors and scope and design changes that were not factored into either the schedule or the project budget at the time, the report said.