Mayor John Tory has announced that city council has voted in favour of restoring the aging Gardiner Expressway with funding from a private-public partnership.
Tory says that the public will say “hallelujah” when they use the P3 model for projects that are linked to expensive costs and overwhelming time delays.
It will also reduce the construction timeline from 20 to six years and council voted 30-10 for the funding model, which is slated to cost $3.8 million.
The city can also apply for $820 million in funding from the federal government.
— Toronto City Clerk (@TorontoCouncil) October 1, 2015