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TTC wants to sell $51.7-million tunnel boring machines to Chinese company for just $9.2 million

The Toronto Transit Commission wants to sell four tunnel boring machines (affectionately christened Yorkie, Torkie, Holey and Moley) that burrowed the Spadina subway extension for a fraction of what it paid, arguing that it doesn’t make sense to reuse the excavation technology on future projects. Bought in 2009 from Caterpillar Tunnelling Canada Corporation for $51.7-million (before tax,) a report on the agenda of this week’s TTC meeting recommends selling them for $9.2-million, apparently the best price the commission could get, and about […]