The federal government has committed up to $840 million in transit funds.
Mayor John Tory was on hand along with Prime Minister Justin Trudeau and Transportation Minister Steven Del Duca at the Greenwood Subway Yard in Toronto.
Trudeau says the exact number is subject to cooperation from the province, but the Prime Minister noted that “Toronto will start to receive funds this year.”
Trudeau says the support of his government will help with Toronto’s unique transit needs. He says the immediate investment will allow for significant infrastructure investments for upgrades and improvements to existing transit systems.
Trudeau says the “The announcement today is exactly to address the reals need that the TTC needs right now. Investments in upgrades, in new signals and control systems. In the kind of things that happen behind the scenes and often get overlooked by politicians looking to make announcements.”
Mayor Tory says the funding acknowledges the unique pressures on our system. He also says the TTC is a vital part of the engine of our economy and also allows those who are marginalized to be a part of the social fabric of our city.
Tory says the $840 million investment will make sure the TTC is “reliable, efficient, modern and safe.”
Some of the things the money will be spent on include signal upgrades on Line 2. That would mean a modern signal system that would allow more trains to run and new trains that could carry dramatically more people.
The funding also means the TTC could buy new buses for use on our highly travelled bus networks.
Tory also says repairs and revitalization would also speed service across the networks preventing the system from shutting down and reduce delays allowing customers to get better around the city.
Tory says this kind of investment with all 3 levels of government working productively and cooperatively is exactly what voters want to see.
— John Tory (@JohnTory) May 6, 2016