ION Stage 1 LRT capital costs are $818 million. More than two thirds of these costs will be paid for by the Ontario ($300 million) and Canadian (up to $265 million) governments. The Region of Waterloo will contribute $253 million.

 

Operations and maintenance, financing, lifecycle and other costs—like electricity and project offices—will be funded by transit fare revenue and a 1.2 per cent property tax increase (2012-18) approved by Council in 2011. The 1.2 per cent property tax increase is being offset by other property tax reductions so that the annual net increase for ION will average 0.7 per cent from 2012 to 2018.

 

Operations and maintenance costs for 30 years for GrandLinq, the team chosen to implement ION Stage 1 LRT, includes:

 

• Operations ($4 million, plus HST and inflation)

• Maintenance ($4.5 million, plus HST and inflation)

• Lifecycle (average $8.7 million, plus HST and inflation)

• Financing ($11 million, plus HST)

• Insurance ($1.7 million, plus applicable taxes)

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