The Eglinton LRT construction just west of Yonge Street on September 27, 2023. On Wednesday, Metrolinx CEO Phil Verster said he wouldn’t provide an updated opening date for the already-delayed project. (Michael Wilson/CBC)
Metrolinx is refusing to provide an update on an opening date for the long-delayed Eglinton Crosstown LRT line, citing technical issues in the testing and commissioning phase that are continuously pushing the finish date further down the road.
“Any prediction of an opening date at this stage of the project will just be an estimate, and I’m not comfortable giving that,” said Metrolinx CEO Phil Verster.
“When I give you a date it must be something I believe in and we’re not there yet.”
Phil Taberner, the project’s vice president, says construction is “pretty much” complete except for a small section near Eglinton-Yonge.
He said testing and commissioning is considered a “high-risk” part of the project, and that they’re anticipating “faults and issues” that will take an “unpredictable” amount of time to rectify.
“We want the tests to be rigorous, and we want to identify these issues,” he said. “This then gives us the assurance that we’ve got a robust, safe and reliable railway.”
Metrolinx CEO ‘not comfortable’ providing new opening date for Eglinton Crosstown
“When I give you a date it must be something I believe in and we’re not there yet,” said Metrolinx CEO Phil Verster.
Verster says Metrolinx has a “really good idea” of the approximate opening date, even though he chose not to divulge it. The transit agency intends to give an update every two months, with the next one slated for November.
“Given the facts of what has caused the different delays. I am very excited about the Eglinton Crosstown. We are not that far away,” said Verster.
History of delays, legal disputes
The 25-stop, 19-kilometre line was last slated to be up and running in the fall of 2022, but construction has stretched on long past that.
The regional transit agency attributes some of the challenges behind the delay to the COVID-19 pandemic, repairs to the existing Yonge-Eglinton subway station, and the consortium of four companies, Crosslinx Transit Solutions (CTS), contracted by Ontario’s previous Liberal government to design and build the Crosstown.
Metrolinx CEO Phil Verster gives an update on the Eglinton Crosstown LRT’s completion to a room full of reporters on September 27, 2023. (Robert Krbavac/CBC)
Work began on the Crosstown in 2011 and Metrolinx previously announced completion dates of 2020 and 2021.
The repeatedly delayed and over-budget project has been stymied amid reports of some 260 quality control issues, which Verster said is now down to 225.
It’s also faced legal threats from CST. In May, the consortium alleged that Metrolinx failed to retain an operator for the unfinished transit line. Verster confirmed Wednesday that the courts sided with Metrolinx and CTS has to follow the agreed path of arbitration.
The transit line, also known as Line 5, is expected to run along Eglinton Avenue from Mount Dennis in the west to Kennedy in the east.
Internal Metrolinx documents obtained by CBC Toronto last year show that the budget for the project has ballooned to nearly $13 billion, a figure that includes 30-year maintenance costs. That’s more than double the initial estimates.
Fire Metrolinx CEO, NDP says
Toronto-St. Paul’s Coun. Josh Matlow, who’s been critical of the project’s delays, is renewing his call for a public inquiry into Metrolinx’s handling of the project since it’s been more than a decade since work started.
“If Phil Verster is going to do a press conference, actually provide some information,” said Matlow.
“You have a duty and a responsibility to tell the public the truth and be accountable for the hundreds of millions of dollars in cost overruns, tax dollars and the years of delays that have hurt communities and devastated businesses.”
Susan Bazarte owns one such business. She’s been running Eglinton Fast Food Inc. for 14 years and has been operating for the entire duration of construction.
“I’ve been waiting for a long time,” said Bazarte. “I almost want to close.”
An Eglinton Crosstown test vehicle is loaded onto the tracks. (Christopher Mulligan/CBC)
Verster says he’s accountable for delays and is “doing everything possible” to get the project over the line.
On Wednesday, the Ontario NDP demanded action over to the LRT’s continued delay. Ottawa Centre MPP Joel Harden called for the newly appointed Transportation Minister Prabmeet Sarkaria to fire Verster.
Verster makes nearly $900,000 and is the fifth-highest paid public servant in the province, the party pointed out.
“Consumed by scandal, Ford’s Conservatives have lost control of the province’s transit agency and the vital Eglinton Crosstown,” he said. “It’s clear they can’t build transit projects in this province, and people are left waiting for transit that feels like it will never arrive.”
TORONTO – Restaurant Brands International Inc. reported net income of US$357 million for its third quarter, down from US$364 million in the same quarter last year.
The company, which keeps its books in U.S. dollars, says its profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 compared with 79 cents US per diluted share a year earlier.
Revenue for the parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs, totalled US$2.29 billion, up from US$1.84 billion in the same quarter last year.
Consolidated comparable sales were up 0.3 per cent.
On an adjusted basis, Restaurant Brands says it earned 93 cents US per diluted share in its latest quarter, up from an adjusted profit of 90 cents US per diluted share a year earlier.
The average analyst estimate had been for a profit of 95 cents US per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
ST. JOHN’S, N.L. – Fortis Inc. reported a third-quarter profit of $420 million, up from $394 million in the same quarter last year.
The electric and gas utility says the profit amounted to 85 cents per share for the quarter ended Sept. 30, up from 81 cents per share a year earlier.
Fortis says the increase was driven by rate base growth across its utilities, and strong earnings in Arizona largely reflecting new customer rates at Tucson Electric Power.
Revenue in the quarter totalled $2.77 billion, up from $2.72 billion in the same quarter last year.
On an adjusted basis, Fortis says it earned 85 cents per share in its latest quarter, up from an adjusted profit of 84 cents per share in the third quarter of 2023.
The average analyst estimate had been for a profit of 82 cents per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
TORONTO – Thomson Reuters reported its third-quarter profit fell compared with a year ago as its revenue rose eight per cent.
The company, which keeps its books in U.S. dollars, says it earned US$301 million or 67 cents US per diluted share for the quarter ended Sept. 30. The result compared with a profit of US$367 million or 80 cents US per diluted share in the same quarter a year earlier.
Revenue for the quarter totalled US$1.72 billion, up from US$1.59 billion a year earlier.
In its outlook, Thomson Reuters says it now expects organic revenue growth of 7.0 per cent for its full year, up from earlier expectations for growth of 6.5 per cent.
On an adjusted basis, Thomson Reuters says it earned 80 cents US per share in its latest quarter, down from an adjusted profit of 82 cents US per share in the same quarter last year.
The average analyst estimate had been for a profit of 76 cents US per share, according to LSEG Data & Analytics.
This report by The Canadian Press was first published Nov. 5, 2024.
