# High-speed rail project faces cost shock

> Canada's high-speed rail plan costs up to $113bn, far exceeding government estimates.
- Title: High-speed rail project faces cost shock · Nationalpost
- Summary: Canada's high-speed rail plan costs up to $113bn, far exceeding government estimates. Canada's high-speed rail from Toronto to Quebec City will cost…
- Keywords: parliamentary budget office, high-speed rail, toronto, quebec city, canada, cost estimate, government estimate, news, politics, High-speed, rail, project
- Source: Nationalpost — https://nationalpost.com/opinion/kelly-mcparland-high-speed-rail-the-project-that-will-not-die
- Read time: 1 min
- Topics: parliamentary budget office, high-speed rail, toronto, quebec city, canada, cost estimate, government estimate, news, politics
## Pipeline announcement and rail cost update
Thursday's Alberta pipeline announcement coincided with a high-speed rail cost estimate update.
## Pipeline benefits versus rail costs
The pipeline boosts oil exports, jobs and economic confidence while the rail project faces massive cost overruns.
## PBO report contradicts government estimate
The Parliamentary Budget Office estimated the Toronto to Quebec City rail line would cost $75-113bn, not $60-90bn.
## Political reaction to cost estimate
Conservatives pledged to cancel the rail project if given the opportunity while doubters questioned the project's viability.
## PBO's role and credibility
The Parliamentary Budget Office provides independent financial analysis to Canada's Parliament with a history of challenging government projections.
## Key takeaway

Canada's high-speed rail from Toronto to Quebec City will cost $75-113bn, not $60-90bn, according to the Parliamentary Budget Office.