InsideToronto.com’s David Nickle got Councillor Norm Kelly to talk on the record about the new Toronto Transit Infrastructure Limited group (made up of Kelly, Doug Ford and former Councillor Gordon Chong) and their plans for the privately-financed Sheppard subway extension:
“It’s a two-step process,” said Kelly. “The first is to get P3 money that would fund the study, and then at the end of the study see who might be attracted to the line in the private sector – see if they agree with the numbers we come up with. We’re taking the nascent steps to create a business case.”
Kelly said he hoped to have the funding “sooner rather than later,” but would not commit to a timeline or share any theories as to how a public private partnership might work, other than to say the subway would be built by the private sector and operated by the Toronto Transit Commission.
via InsideToronto Article: Company seeks ways to privately finance Sheppard subway.
“Taking the nascent steps to create a business case” is code for “THIS WILL TAKE A MILLION YEARS.”
Don’t be surprised, though, if the federal government announces their full support for this project and funds the P3 study in the next few weeks. It would make a very good election announcement and work to build confidence that the Conservative Party cares about 416 ridings.
Tags: doug ford, gordon chong, norm kelly, sheppard subway, transit, ttc, ttil