Toronto transit projects

[Pheidippides]

Where is this $12m per vehicle cost coming from? The article Canard posted says $528 million for 61 vehicles which is $8.65 million per vehicle and aligns with previous reporting of average vehicle costs of $8.7 vs. 4.2 million per vehicle; and the Alstrom vehicle is bigger which explains part of the difference (the cost is nearly proportional by the vehicle capacity ($29,642 vs. $25,609 per passenger seat).