The 2015 Budget continues and expands on Ontario’s plan to make an unprecedented investment of more than USD 130 billion in public infrastructure over 10 years.
This includes increasing the dedicated funds for Moving Ontario Forward by USD 2.6 billion for a total of USD 31.5 billion over 10 years – about USD 16 billion in transit projects in the Greater Toronto and Hamilton Area (GTHA) and about USD 15 billion available for transportation and other priority infrastructure projects outside the GTHA. The increase is due to a higher target from the Province’s asset optimization plan. Another plans include a USD 11.9 billion in 2015-16 on infrastructure such as roads, bridges, public transit, water systems, hospitals and schools.
The government is moving ahead with a plan to unlock the value of its assets and reinvest the net proceeds through the Trillium Trust in public transit, transportation and other priority infrastructure projects to strengthen Ontario’s economy and encourage job creation. Increasing the dedicated funds for Moving Ontario Forward will accelerate priority projects and enable new projects to come on stream.
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