Yes, a Hudak led Ontario government would cancel LRT projects in the Big Move, causing major project cancellation losses to sunk costs (many projects are in-flight in planning or construction) and contract escape penalties to vendors like Bombardier for cancelling or scaling back orders. “I think GO and our subways are the strengths in our system, and I do not believe in ripping up existing streets to lay down track.” – Tim Hudak
Toronto’s decision to cancel the previously agreed and in-flight Scarborough LRT has cost at least $85M in sunk costs, plus a yet to be determined (Read more…)
