BRIEF: $60.5M, Updated Highway 5 and Highway 6 Interchange Project Cost – TPR Hamilton | Hamilton's Civic Affairs News Site

April 2, 2024
The City of Hamilton says Ontario’s Ministry of Transportation cost estimate for the Highway 5/6 Interchange is now $60.5-million, up from an earlier estimate of $49.1-million.
The City of Hamilton is responsible for approximately 25 percent of the overall cost, with the Province responsible for approximately 75 percent.
The change means a net capital cost increase of approximately $2.7-million for the City, which will be financed using development charges.
The upcoming update to Hamilton’s development charges bylaw includes project financing.