Toronto's priority transit projects get $9 billion in funding
Toronto, Mar 15 (IBNS): The Government of Canada and the provincial government of Ontario have earmarked almost $9 billion for Toronto's priority transit projects as part of their transit infrastructure funding plans, according to media reports.
The announcement was made by Mayor John Tory of Toronto on Wednesday.
Said Mayor Tory, "The federal and provincial government are pledging almost $9 billion for our priority transit projects. This funding is only possible due to the cooperation and mutual respect between the City, the province and the federal government."
"I spoke with Infrastructure and Communities Minister Amarjeet Sohi to thank him and Prime Minister Justin Trudeau for coming forward with this major investment in the future of the City of Toronto and the Toronto Region," he said. "During the call, the Minister made it clear that their intention is to continue to fund any projects that stretch beyond the time-frame of this 10-year program in the next phase of infrastructure funding."
Mayor Tory also thanked the Toronto MPs who, according to him, "stood up for Toronto and joined the push by the Big City Mayors for a per rider funding formula that recognizes the important role that the TTC plays in transit for our province."
"I have also been in touch with Premier Kathleen Wynne to thank her for coming to the table to make these needed investments in Toronto transit," he said.
The funding is expected to help speed up the construction of the Relief Line, SmartTrack, the Scarborough Subway Extension, waterfront transit, and the Eglinton East LRT.
Images: sourced from Facebook
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