It’s not fully implemented yet, but installing the PRESTO card on the TTC has already gone over initial budget estimates.
According to the Toronto Star, as of the end of March of this year, nearly $277 M had been spent to install the fare card system. That’s based on the numbers provided by Metrolinx, the provincial transit agency at the helm of the program.
That number is nearly $22M over the $255M estimate given back in 2012.
However, Metrolinx doesn’t know how much full implementation will cost, and won’t provide another estimate until a later date.
There is still a number of projects to be completed as part of the PRESTO roll out on the TTC, including having all subway stations outfitted with tap machines and other related equipment, as well as installing fare card readers on all TTC buses.
When speaking to the Star, Minister of Transportation, Steven Del Duca indicated the higher costs were “reasonable” and brought on, in part, by the TTC’s decision to have PRESTO installed on older streetcars, as well as replacing subway turnstiles with automated fare gates.
As for a final cost estimate, Del Duca told the paper “discussions with the TTC are ongoing and costs are being refined.”