personally think this rail line is a colossal waste of public money at a time when we need to be hyper-strategic with how we deploy capital expenditures. We have a persistent productivity crisis where each unit of labour is producing roughly 60% of what our American counterparts produce, the country is struggling with unaffordability across food and housing, and most importantly we are bracing for trade disruptions we have never experienced in our lifetime as CUSMA is on the chopping block.
Like many people on this forum, I want to see ambitious transit built, but I don't see how this transit line is going to return on its investment. It will likely be subsidized throughout the entirety of its life. That is fine if there is a greater payoff like dramatic net gains in productivity, similar to what we see when subways are subsidized, but this won't move even 5% of what Toronto's subway moves.
I hear a version of this argument from experts, pundits, and critics all of the time. That right now is not the right time because we have x,y,z to contend with.
I wholeheartedly agree.
20 years ago was the time. Now it's a virtual necessity. Cusma neg., trump, and food affordability, housing have near zero bearings on the planning of this line.
Would you like to know why ?
Trump will likely be dead by the time this line is built.
CUSMA will be renewed is some form or another irrespective of this transit line.
You cant spend or save your way into affordable food.
The the govt is already spending 10 billion dollars ANNUALLY on various meassures to improve housing affordability already. However, i would argue that Alto and projects like it. are long term solutions to the housing problem. Frankly, if I was the govt, I would play up this fact to death, but I digress.
your reference to GDP per capita (productivity) is a very common and reasonable concern that ignores several facts. Specifically that AI development and ungodly amounts of debt is masking what is a US economy that is in decline, where 80 percent of production is attributable to the top 10 percent of income earners. The remaining 90% of the population is functionally stagnant or in a recession (You can look up the exact numbers for yourself). Its why, despite having lower gdp per capita, the quality of life in most western, and slowly but surely, eastern EU countries is considered higher than their american counterpart.
Really when ppl talk about GDP boosting govt projects, the number one option that comes to most ppls minds, is some form of O&G. I agree such a project would certainly be a gdp impacting projects. However, nothing about Alto should fundamentally reduce the govt ability to build or support the construction of multiple large scale projects.
I think ppl at times forget that canada is legitimately one of the richest countries on earth. In plain terms that means we can do alot at the same time if the political will exists, with very limited consiquence. Despite what the media would have you think...
I've done the math before somwhere in this thread but aprox. Alto will cost the govt of canada on average 6 - 8 billion per year starting in 3-4 years.
With a 2026 federal budget of 500 billion it would represent about 1.2 - 1.5 percent of annual budget. Course by 2028 that budget will grow.
To give you some persepctive
By 28/29, the Govt expect to save 13 billion on a go forward basis, based on cuts to the public service.
2.4 billion is what the govt spent cutting 10 cents from gas for 6 months.
Ontario alone spends 5.8 to 7.8 billion annually on electrical subsidies alone.
Ontario lost 1.1 billion in revanue by cutting the license renewal fees.
Canadas tax cut from 15 - 14 percent is costing the govt 3 billion on a go forward basis
I could keep going if you'd like..
ultimatly the question for me isnt one of affordability. Canada can afford to build it and many things at the same time
The question should be how efficiently and effectively can it be done. Even most farmers get this part right.