The City of Cambridge has released its business case for bringing GO trains to the city.

Two options are being forwarded to provincial transportation officials.

They come with different levels of service – and different price tags.

Under one option, trains currently running between Milton and Union Station in downtown Toronto would be extended to Cambridge, at a cost of $110 million.

The other option would shuttle passengers from Cambridge to Milton, where they could connect to other trains.

The estimated cost of that option sits somewhere between $20 million and $70 million.

Both proposals call for two stations to be built – a park-and-ride facility near Franklin Boulevard, and a second station in the city’s downtown.

The business case was released Friday, in front of an audience of political and business leaders from around Waterloo Region – many of whom spoke positively about the impact GO service to Cambridge could have on the entire region.

“The easier it is for people to get here … the more it’ll grow our attractions and hotel business,” said Minto Schneider, general manager of the Waterloo Regional Tourism and Marketing Corporation.

Conestoga College president John Tibbits said the increased service could potentially allow for thousands of new students from the Greater Toronto Area.

“It’d be a huge difference for us,” he said.

City officials hope to meet with the province to discuss the issue in the early part of the spring.