Mayor announces $4.8 billion in federal transit funding
Toronto Mayor John Tory announced Thursday that federal money is on its way as part of the second phase of the Public Transit Infrastructure Fund.
“I’m thrilled that Toronto will receive approximately $4.8 billion of Ontario’s $8.34-billion allocation from the Government of Canada for our transit network expansion plan, which includes the Relief Line, Smart Track, the Eglinton East LRT and Waterfront transit,” Tory said in a statement. “This is a huge victory for Toronto and will lead to better transit for the entire region.”
He also confirmed that the province would be required to contribute 33 per cent of project costs and that Ontario would be encouraged to follow British Columbia’s example and commit to a 40-40-20 cost share arrangement.
The mayor has been a strong advocate for cost sharing when it comes to the Relief Line and Smart Track, and has been battling stubborn provincial politicians along the way. This soon-to-be announced funding is a big win on the part of Toronto and the much-needed Relief Line.
“With all the federal funding program allocations outlined today, including the Green Infrastructure Stream and Community, Culture and Recreation Infrastructure Stream, we thank Minister Sohi for underscoring the important balance between provincial and municipal priorities, ensuring that funding will flow to where it is needed most.”