TORONTO – The Toronto Transit Commission is set to provide an update today on the Toronto-York Spadina Subway Extension.
TTC CEO Andy Byford has scheduled a technical briefing for noon — a day after the transit corporation fired two senior managers responsible for the oft-delayed, over-budget extension.
Chief capital officer Sameh Ghaly and chief project manager Andy Bertolo were subsequently let go.
A Toronto Star report published earlier this month revealed the project is $400 million over budget from the $2.6 billion price tag.
The 8.6-kilometre extension was also supposed to open later this year but the subway trains won’t hit the tracks until at least 2017.
There have been suggestions that once construction is complete, the trains will only be open as far as York University to start.
Mayor John Tory said earlier this month that he first learned about the possibility of an overrun as mayor-elect, but has not seen a report to indicate exactly how much money has been spent.
He said he and his administration will work quickly to “stop the bleeding,” adding the issue of overspending is far-reaching at City Hall.