Quote:
Originally Posted by Slava
Well the number that I though I heard was about 300M+, and the airport authority deal says they put in $112M or something like that. When you consider this it sounds more like Hawkesworth was right when he said $500M. I mean yes, the province/feds could put more in and reduce the city amount, but it sounds like it will be pretty close to that figure.
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The Airport Authority's money that they are putting in (mostly in the future), is part of these interchanges that would eventually go in even if the tunnel was never built.
$294 million is the project budget, and like I said, even that includes work that would have eventually been done even if there was no tunnel (widening of Airport Trail between Deerfoot and Barlow).
The only way to make the accounting read anywhere near $500 million is to include the cost of interchanges that would have been required in the future anyway, and ignore savings incurred elsewhere, where other infrastructure won't have to be upgraded because the tunnel was built.
I've said it before, the net cost of the tunnel to the city is roughly zero, give or take $50 million at the most.