Toronto Transit - City of Toronto

Jan 27, 2012 - Toronto Transit: Back on Track — Toronto Transit Infrastructure Limited ...... (CDN$).
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Toronto Transit: Back on Track

Sheppard Subway Development and Financing Study

Interim Report Toronto Transit Infrastructure Limited

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Toronto Transit: Back on Track — Toronto Transit Infrastructure Limited

Dr. Gordon Chong Toronto Transit Infrastructure Toronto City Hall 100 Queen Street 2nd floor, suite C56 Toronto, Ontario M5H 2N2 Your Worship Mayor Rob Ford City Hall 2nd Floor, Office of Mayor 100 Queen Street West Toronto, Ontario, M5H 2N2 January 27, 2012 Dear Mayor Ford, You directed that TTIL [formerly TTCL] be revived for the specific purpose of preparing a business case analysis for a potential P3 procurement of the Sheppard Subway extension. I am pleased to submit our interim report — Public Transit: Back on Track. In this initial phase, we were mandated to examine the feasibility of the Sheppard Subway extension and more generally, to examine the feasibility of a future integrated transit network utilizing subway [heavy rail] technology wherever possible for Toronto and the Greater Toronto Area [GTA]. While contemporary families are diverse in socio-economic terms, we are all confronted by a common problem — congestion on our roads and the lack of an integrated, fast, reliable and safe transit network. This transit deficit has the most profound impact on our underserved [in some cases, unserved] priority neighbourhoods in which the residents are totally dependent on public transit — “transit-captives” would be a good descriptor! Many reside in social housing without access to an automobile or are members of the cohort known as the “working poor” with limited access to a car. This phenomenon has plagued us, been discussed and examined countless times by countless recognized authorities ad nauseam. The frequently repeated phrase “integrated transit network” is in danger of becoming nothing more than a cliché if substantive and sustained action is not taken soon. The growing transit deficit has, not unexpectedly, evoked anger, frustration and cynicism from residents as to the sincerity of our political leaders. Many could be forgiven for thinking that politicians are really only interested in their near-term electoral prospects and their legacies when they see them grasp at quick fixes which are often second-class rather than first-class plans. Public Transit: Back on Track reflects discussions [both formal and informal] that took place over the last several months with planners, engineers, lawyers, financiers and experienced, open-minded transit operators. The historical development and socio-economic context of subways was also reviewed. The focus was kept on the impact of our transit deficit on contemporary families and employers. In other words, we reviewed past decisions, planning documents, and technical specifications and impact analysis for the Sheppard Subway before arriving at conclusions and recommendations. The health and well-being of the residents of Toronto and the GTA was/is paramount in our consideration of this pressing issue. Toronto Transit: Back on Track — Toronto Transit Infrastructure Limited

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Public Transit: Back on Track is focused on the P3 procurement potential of subways and is mindful of municipal structural deficits and fiscal limitations. It calls for a bold transformation of our transit system, how it is governed, managed, funded, and partners with senior levels of government. It embodies a sustainable use of urban space together with innovative subway funding and financing approaches. After the last 9 months of work is tabulated, there is only one inescapable conclusion: The subway