Oct 12, 2016
By Michael Kramer
The cost of installing the Presto system has gone over initial budget estimates – and Metrolinx, the provincial transit agency in charge of the Presto program – says it doesn’t know how much the bill will eventually come to – and won’t provide an estimate of final costs until an unspecified later date.
But as of March 31st the agency had spent almost $277 million deploying Presto on the TTC. That’s almost $22 million higher than the Metrolinx 2012 estimate of $255 million.
Also unaccounted for are the future costs of upgrading the Presto system - which currently enables riders to pay their fare with a tap of a prepaid card.