News Article: How much would it cost to cancel Waterloo Region's LRT?

A handful of candidates running for office in the October 27 municipal elections – including Waterloo mayoral hopeful Dave MacDonald and Jay Aissa, who is running for regional chair – are seeking to cancel the region's light rail transit project.

(McCulloch, 2014)

But if the LRT were cancelled by the end of the year, the region says it would lose hundreds of millions of dollars, both to construction and other work that's already begun and lost government grants.

According to the region's transportation commissioner, Thomas Schmidt, by the end of 2014, the region will have paid between $225-250 million dollars in total costs already. That money, which covers everything from engineering and design consulting work, construction costs, payments for train cars, land appropriation and utility relocation, is lost if the LRT is cancelled. 

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Reference: 

Kand,M., & Bellemare, A. (2014, October 21). How much would it cost to cancel Waterloo Region's LRT? Retrieved 2014, from http://www.cbc.ca/news.canada.kitchiner-waterloo/how-much-it-cost-to-cancel-waterloo-region-slrt-1.2790359 

McCulloch, M. (2014, October 22). How much would it cost to cancel Waterloo Region's LRT? Retrieved 2014, from http://www.cbc.ca/news/canada/kitchener-waterloo/how-much-would-it-cost-to-cancel-waterloo-region-s-lrt-1.2790359