WINNIPEG – The city says it has found a giant $120-million in savings on the construction of Phase II of rapid transit.
That’s almost one-fifth of the initial estimated cost of the project.
The city says the savings are a result of competitive bidding process and cost-saving innovations found by Plenary Roads Winnipeg, who won the bid to build it.
The revised estimate to extend the route all the way from downtown to the University of Manitoba is just over $467-million.
The news comes after a controversial decision by council to buy land for the project from Hydro for more than the city thought it was worth.