03-19-2018, 05:23 PM
(03-19-2018, 04:34 PM)timc Wrote: It looks like he is including construction and financing costs to come up with that number.
(03-19-2018, 04:59 PM)timc Wrote: I don't have exact numbers, but:
http://rapidtransit.regionofwaterloo.ca/...ions.asp#f
The capital cost is $818 million (now $868 million, I guess), and if you add annual financing costs of $11 million over 30 years, you get a number over $1 billion. Why he didn't go all the way and say it was costing $1.9 billion, I don't know.
My wording probably wasn't the best when I said that was the cost for construction and financing, because the capital cost is more than just construction.
How can you get to $1.9B?