Debt & Fiscal|Canada
PBO prices Alto high-speed rail at $75–113 billion, above Ottawa’s $60–90 billion range
The Parliamentary Budget Officer’s 1 October 2026 report, requested by the Senate finance committee, estimates the baseline Toronto–Québec City route (without the Kingston option) would cost $75 billion to $113 billion to build, in 2024 dollars. The government’s own range is $60–90 billion. Tunnels, the Canadian Shield, and later start dates drive the number. Ridership and operating costs come in a second report.
Daily Teabag Desk·Centre
