The TTC capital plan was released Friday along with the agency’s proposed 2019 operating budget, which recommended a 10-cent fare increase. TTC capital plan released Friday says about $24 billion of capital work needed over the next decade and a half in order keep the system in a state of good repair and meet expected ridership growth is currently unfunded. A staggering $23.7 billion of those costs, which don’t include the expense of building new transit lines, is currently unfunded, according to the TTC. Of the $33.5 billion in costs the report identifies, about $22 billion worth is related to subways and stations. Don Peat, a spokesperson for Mayor John Tory, said the mayor wouldn’t pre-empt the TTC board’s decision on the fare increase.

Source: thestar January 18, 2019 23:15 UTC