How much did the stage 1 of Ion rapid transit cost?
The Ion rapid transit is the 19 km light rail line between Waterloo and Kitchener in Ontario, Canada, part of the Stage 1 project that also included a 17 km adapted bus rapid transit route to Cambridge, built from 2014 by the GrandLinq consortium under a 33-year public-private partnership and opened on 21 June 2019. Railway Technology reported in 2014 that the Stage 1 investment was 818 million Canadian dollars, and Wikipedia reports that in December 2017 the overruns were estimated at about 50 million dollars.
Reported project cost
CAD 818 million
Approximately $740.44 million
Cost basis: 2014
RadagastCC0
Cost evidence
Basis of the published figure
Reported project cost2014
Project metrics
Key dimensions
- Total lengthRailway Technology
- 19 km
Project record