A 2023 staff report from the TTC says the cost of ordering 80 subway cars — which includes 55 replacement trains for Line 2 and 25 trains for Line 1 — would be $3.23 billion. Toronto Mayor Olivia Chow has mixed feelings about the money heading the city's way, per the 2024 federal budget tabled this week.
Mayor Olivia Chow expressed her disappointment Tuesday that the federal government wouldn't be supplying the City of Toronto with funding to purchase new subway trains for Line 2 at this time. "Without the new subway trains, we can't start modernization of Line 2 and this could result in service quality degradation and reliability concerns, at a time when investment is being made to extend the line further into Scarborough," Leary said.
"The longer we wait, the more expensive the trains will get and it will actually prevent the TTC from moving forward with other upgrades," Pizey-Allen said. "This funding will be instrumental in the development and launch of a groundbreaking new initiative: an official market for Canadian and international screen content," the organization told CBC Toronto in a statement.