Researchers warn Alto could still require billions annually from taxpayers for a highly disputed rail project that promises profitability.
Alto, the Crown corporation behind the Toronto-to-Quebec City line, forecasts 24 million annual trips by 2055, $24.5 billion in annual GDP growth and 50,000 construction jobs.
Steven MacKinnon@stevenmackinnon
The Alto high-speed rail Toronto–Québec City corridor is home to approximately 17 million people and generates more than 40% of Canada’s GDP.
We’re investing in the infrastructure Canada needs to build a strong economy and create new opportunities for Canadians. 🚄🇨🇦
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However, Alto can’t say when the railway will actually cover its own operating costs, as first reported by the Toronto Star. Nor does “profitability” mean taxpayers get their money back.
“When we look at the full business case, the total operations, we are confident about this profitability, but I think it’s too early to point to a single moment in time,” Alto vice-president Laurent Therrien told the Star.
