Cost of Presto installation on TTC balloons to $385 million

Latest Videos

Regardless of how you feel about Presto, it'll eventually be one of the only ways to pay to ride the TTC as it continues to get rolled out across Toronto's transit system.

Today, the Toronto Star reports that the cost to install Presto on the TTC is expected to be $385 million, or $130 million more than the original $255 million budget from 2012.

The exact reason for this increase is unclear, though there have been well documented issues with the rollout. It's worth noting that it's the province rather than the TTC who is on the hook for the vast majority of the costs associated with installing Presto.

Of course, it hasn't been easy for some in Toronto to warm to Presto thanks to many of the early issues encountered with this payment system that spans across transit services in the GTA, Hamilton and Ottawa.

Lead photo by

twurdemann

Latest Videos

Join the conversation Load comments

Latest in City

Ontario to start discouraging employers from asking for doctors' notes to prove illness

Secret walled-off staircase is all that remains of long-lost Toronto train station

Toronto's most cursed intersection appears to finally finish years-long construction

Ontario temperatures about to spike and it will feel like 30 degrees this weekend

Shocking video shows another brazen robbery at Toronto jewellery store

Ontario is about to change the speed limits on some major highways

Self-replicating predatory 'water fleas' are taking over Ontario lakes

TTC will shut down a large stretch of subway this weekend