Toronto OKs public-private partnership approach to revamp aging expressway
The total capital cost estimate for the construction portion (excluding operations and maintenance) of the Revised Rehabilitation Plan is $2.6 billion, a city staff report said.
Once long-term maintenance is included, the 30-year total cost jumps to $3.8 billion.
However, the city will maintain ownership of the expressway.
Some of the project details include:
• Rehabilitation of the expressway, extending from Highway 427 to the eastern limit at Logan Avenue, including the 11 kilometers at grade section from Highway 427 to Dufferin Street, with its 32 bridges and structures, and the 7-kilometer elevated section from Dufferin Street to Logan Avenue, with 335 spans
• Adjusting factors in the rehabilitation of the Gardiner Expressway east of Jarvis Street based on the future outcome of an environmental assessment
The alternative financing and procurement (AFP) approach qualifies the project for up to one-third funding using federal programs subject to successful business-case applications and could bring in up to $820 million in additional funding.