Prime Minister Justin Trudeau was in Barrie this morning to make a major transit funding announcement.
The Prime Minister, and Premier Kathleen Wynne, announced a bilateral agreement that will provide more than $2.97 billion in combined funding – by the Government of Canada, Ontario, and municipalities – for projects across the province.
This agreement will reduce commute times and make public transit more efficient and inclusive, so that millions of people spend less time waiting in traffic, and more time doing the things they love.
These investments mean renewed and expanded transit systems, upgraded transit vehicles, timely repairs to subway tracks, new public transit express routes, and enhanced accessibility that will help improve the quality of life for Ontarians.
Trudeau says “These investments will provide Ontarians with improved public transit systems that will get them to work on time, and back home quickly and safely. They will also help generate new jobs, grow the middle class, promote a healthier environment, and lay a solid foundation for the sustainable economy of the future.”
Premier Wynne says “I am delighted Ontario has reached an agreement with the federal government on the Public Transit Infrastructure Fund. This partnership between Ontario, the federal government and our municipalities builds on the historic infrastructure investments Ontario is already making as part of our economic plan for jobs and growth.
The Government of Canada is providing up to 50 per cent of the funding ($1.49 Billion) needed for projects supported under this agreement. The funding is being provided through a new federal infrastructure program, the Public Transit Infrastructure Fund.
Toronto will get the bulk of the funding with nearly $500 million going to projects in the city.
Mayor John Tory was pleased with the announcement and says “Today’s historic investment will make it easier and faster to get around our city. From expanding the number of accessible stations with additional elevators and escalators,repairing and modernizing our TTC vehicles and stations, making significant investment in cycling and pedestrian safety, as well as investing in planning future transit projects like SmartTrack and the Relief Line—we are getting Toronto moving.”
The Gov’t of Canada’s new Public Transit Infrastructure Fund will provide the City with $840 million over the next 2 years to #getTOmoving.
— John Tory (@JohnTory) August 23, 2016