00:07:27.360And now we're about to embark on a high-speed rail project at the federal level that will connect Toronto with Quebec City with stops along the way.
00:07:35.760So we look stuff up a lot of the time before we do these shows.
00:07:39.300Although, like you say, the comment section may not agree with us.
00:07:42.180Yeah, we do tend to do a little bit of research.
00:07:44.940And one of the most outrageous numbers is per kilometer, what it costs us to do transit.
00:07:50.460And I think that the reason those numbers are so high and why transit may get a kind of secondary seat is because Canada's not really laid out for transit outside of major cities.
00:08:00.700So what's the price per kilometer to lay transit down?
00:08:04.960Well, the average cost, it's some of the highest, by the way, in the world.
00:08:09.760It's about $396 million per kilometer.
00:09:05.100Having said that, they have an amortization program that essentially should bring the cost down to a mere $30 million per kilometer by the time all is said and done.
00:09:17.620Because they're building so much of it, this is 1,000 kilometers of high speed rail that we're talking about going 300 kilometers an hour,
00:09:25.740reducing a trip between Toronto and Quebec City to, you know, roughly half the time.
00:09:36.020And they're already beginning the process.
00:09:38.480They had a meeting in the city of Toronto down at the St. Lawrence Market where all of the experts and all the pundits got together and had a chat about it
00:09:48.260and explained from an engineering standpoint how they would do it from a political standpoint.
00:09:51.720We had one of our researchers down there.
00:10:36.560You know, if you're digging tunnels, it can be outrageous.
00:10:38.760But the farmland that they bought, why would the cost be so high to just lay down track?
00:10:44.040I think a lot of it has to do with where they're going to lay the track and what's required there.
00:10:49.180There's a lot of, you know, Brady, I made this all up.
00:10:52.500I have no idea how you can get to that number.
00:10:56.140No, I understand how you get to that number because there's a lot of, just to lay down a kilometer of track is a lot, it would be a lot harder than laying down a kilometer of asphalt, right?
00:13:29.380You're already more than taking a flight, and a flight gets you there an hour earlier.
00:13:34.560I don't know that there's consumer appeal for this at a price point that would be comparable to air travel.
00:13:40.460Well, it would be quicker, even though that the travel with the flight is quicker.
00:13:44.180It still technically would be quicker with the process of getting on a train and getting off of a train,
00:13:47.840going to a parking lot, not waiting for your luggage.
00:13:50.400Brady, you go to Porter, let's say, for example, on Toronto Island Airport, and you're getting in a cab in Montreal an hour and a half later, at the very longest.