(12-11-2017, 10:05 PM)darts Wrote:(12-11-2017, 08:28 PM)trainspotter139 Wrote: Regional Staff told CTV Kitchener that the approximate cost of The Dome was around $1.25 million, and that the Region only had to pay around $112,000 for The Dome as Metrolinx is paying for most of it.
How did metrolinx get involved in that?
From the budget committee agenda:
Quote:The construction of a road-rail grade separation adjacent to the intersection of King and Victoria Streets in the City of Kitchener was important to facilitate the LRT project. Because this grade separation project was planned prior to approval of the LRT project, it was funded outside of the $818 million LRT project budget (from Roads Capital Levy Reserve and Regional Development Charges (RDC) reserve funds, and through a costsharing agreement with Metrolinx). Metrolinx has recently approved an amendment to the cost-sharing formula for the grade separation project, in recognition of the plans to expand GO Rail service and the resulting increase in train movements. Under the revised cost-sharing agreement, Metrolinx will contribute approximately 85% of the capital cost of the grade separation (up from 15%) and the Region will fund the balance of the costs.