The Toronto Port Authority says the proposed island airport expansion will cost up to $5 billion.
Port authority CEO RJ Steenstra told a committee at Queen’s Park this week that the proposed expansion of Billy Bishop Toronto City Airport will cost between $4 and $5 billion over 25 years.
“This is not an overnight investment,” Steenstra said. “This will take time to ensure that we’re meeting the needs. It’s a phased-in approach.”