'We're not there yet': Metrolinx CEO won't provide opening date for troubled Eglinton Crosstown LRT | Canada News Media
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‘We’re not there yet’: Metrolinx CEO won’t provide opening date for troubled Eglinton Crosstown LRT

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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.”

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Netflix’s subscriber growth slows as gains from password-sharing crackdown subside

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Netflix on Thursday reported that its subscriber growth slowed dramatically during the summer, a sign the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off.

The 5.1 million subscribers that Netflix added during the July-September period represented a 42% decline from the total gained during the same time last year. Even so, the company’s revenue and profit rose at a faster pace than analysts had projected, according to FactSet Research.

Netflix ended September with 282.7 million worldwide subscribers — far more than any other streaming service.

The Los Gatos, California, company earned $2.36 billion, or $5.40 per share, a 41% increase from the same time last year. Revenue climbed 15% from a year ago to $9.82 billion. Netflix management predicted the company’s revenue will rise at the same 15% year-over-year pace during the October-December period, slightly than better than analysts have been expecting.

The strong financial performance in the past quarter coupled with the upbeat forecast eclipsed any worries about slowing subscriber growth. Netflix’s stock price surged nearly 4% in extended trading after the numbers came out, building upon a more than 40% increase in the company’s shares so far this year.

The past quarter’s subscriber gains were the lowest posted in any three-month period since the beginning of last year. That drop-off indicates Netflix is shifting to a new phase after reaping the benefits from a ban on the once-rampant practice of sharing account passwords that enabled an estimated 100 million people watch its popular service without paying for it.

The crackdown, triggered by a rare loss of subscribers coming out of the pandemic in 2022, helped Netflix add 57 million subscribers from June 2022 through this June — an average of more than 7 million per quarter, while many of its industry rivals have been struggling as households curbed their discretionary spending.

Netflix’s gains also were propelled by a low-priced version of its service that included commercials for the first time in its history. The company still is only getting a small fraction of its revenue from the 2-year-old advertising push, but Netflix is intensifying its focus on that segment of its business to help boost its profits.

In a letter to shareholder, Netflix reiterated previous cautionary notes about its expansion into advertising, though the low-priced option including commercials has become its fastest growing segment.

“We have much more work to do improving our offering for advertisers, which will be a priority over the next few years,” Netflix management wrote in the letter.

As part of its evolution, Netflix has been increasingly supplementing its lineup of scripted TV series and movies with live programming, such as a Labor Day spectacle featuring renowned glutton Joey Chestnut setting a world record for gorging on hot dogs in a showdown with his longtime nemesis Takeru Kobayashi.

Netflix will be trying to attract more viewer during the current quarter with a Nov. 15 fight pitting former heavyweight champion Mike Tyson against Jake Paul, a YouTube sensation turned boxer, and two National Football League games on Christmas Day.

The Canadian Press. All rights reserved.

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