The government of Canada and the province of Ontario reached an agreement that makes CAD 2.97 billion (USD 2.3 billion) in combined funding available for infrastructure improvements in the province. The funding is being provided through a new federal infrastructure program, the Public Transit Infrastructure Fund, where the federal government provides up to 50% of the funding needed for projects supported under the agreement. Canada will provide Ontario with CAD 1.486 billion (USD 1.151 billion) under the Fund, which is part of the first phase of Investing in Canada, the government of Canada’s CAD 120 billion (USD 92.6 billion) plan to support public infrastructure across the country over the next 10 years.
Highlights of some of the rail projects include:
- CAD 45 million (USD 34.8 million) in Ottawa for early works and preliminary engineering for LRT State 2.
- CAD 27.7 million (USD 21.5 million) for planning and design of Metrolinx’s Relief Line in Toronto.
- CAD 25 million (USD 19.3 million) for the early works associated with Metrolinx’s 11-kilometer (6.8-mile) Finch West light rail line.
- CAD 23 million (USD 17.8 million) for the Toronto Transit Commission’s surface track replacement program.
- CAD 22.9 million (USD 17.7 million) in the Greater and Hamilton Area for enterprise asset management for Metrolinx.
The two parties said the agreement will reduce commute times and make public transit more efficient and inclusive by renewing and expanding transit systems, upgrading transit vehicles, making timely repairs to subway tracks, initiating new public transit express routes and enhancing urban mobility.
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