Alto high-speed rail project could cost more than expected, watchdog says

A new report from the Parliamentary Budget Office says the proposed Alto highspeed rail corridor between Toronto and Quebec City could cost between $75 billion and $113 billion, which is above some official early estimates. The analysis, released after a request from the Senate finance committee, examines the planned route and compares it with highspeed rail projects in other countries. The budget watchdog said tunnels and elevated sections would be the biggest cost drivers. It also noted that adding a stop in Kingston could increase uncertainty, though the final impact is unclear. The report says the project could deliver a modest economic boost during construction, including GDP growth and job gains, if work begins as expected in 2030. Federal ministers have argued the project could strengthen the economy, while critics say it may be too expensive and face significant delays and disputes.