04-25-2023, 08:08 PM
(04-25-2023, 05:12 PM)nms Wrote: Given that the Caisse Populaire is getting involved with transit projects in Quebec, are the public pensions in Ontario an option?
Or does someone go through the $4.5 Billion estimate and find out why it's so big? Or has inflation just introduced a step-function increase in spending and we can look forward to a decade of infrastructure drought while governments figure out to make big things happen?
According to the latest construction inflation numbers from StatCan non-residential construction costs are only only up 34% since 2017, not 4x or 300%. The $2.72B quoted minus escalation to 2035 and contingency is still 100% inflation or 3-4x more than what it actually has been.