RE:RE:RE:RE:RE:RE:RE:RE:Another View Je suis d'accord avec toi.
Le titre est sous pression et le restera jusqu'a la fin de cette saga car la reclamation pour un retard de l'ordre de 4 ans sur un budget de l'ordre de 5.5 milliards se situe entre le cout du financement (5.5% sur 4 ans soit de l'ordre de 1.2 milliards) et les revenus non realises selon les termes du contrat (beaucoup plus mais ce serait abusif).
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The total budget for the Eglinton Crosstown LRT project in Toronto is estimated at **CAD 12.82 billion**. This amount includes the original budget of **CAD 5.5 billion** for construction, along with additional costs due to delays, design changes, and other unforeseen issues that have arisen throughout the project.
The Eglinton Crosstown LRT project is significantly delayed. Initially scheduled for completion in **2020**, the project has faced multiple setbacks and is now expected to be finished sometime in **2024**. This amounts to at least a **four-year delay**. The delays have been attributed to construction challenges, technical issues, and contractual disputes. Despite ongoing efforts, no firm opening date has been confirmed as of now.
The Eglinton Crosstown LRT project is primarily funded through a public-private partnership (P3) model. The funding comes from the following key sources:
1. **Provincial Government of Ontario**: The Ontario government, through Metrolinx, is the main funder. It initially committed **CAD 5.3 billion** to cover the design and construction.
2. **Federal Government**: The Government of Canada has contributed to the project through the Public Transit Infrastructure Fund and other programs.
3. **Private Sector**: A consortium known as Crosslinx Transit Solutions, which includes construction and finance companies, is responsible for building and partially financing the project.
In a P3 model, private companies finance part of the construction in exchange for future payments from the government, usually over a period of 30 years. This allows the government to spread the cost over time.
As for the interest rate, specifics of the financing rates between the private consortium and the provincial government are not typically made public. However, given the nature of P3 agreements, interest rates can vary based on the financing terms negotiated at the time of the contract. Rates would likely be based on long-term government bond rates, plus a premium reflecting project risks and financing conditions, but the exact rate is not generally disclosed.
As of recent data from late 2023 to early 2024, the yield on Canadian 20-year federal government bonds has been fluctuating around **3.5% to 4.0%**. Bond yields can vary slightly depending on market conditions, such as inflation expectations and central bank interest rate decisions.
To get the most accurate and up-to-date rate, you can check financial websites, or consult the Bank of Canada’s official bond yield listings.