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Wednesday, April 03, 2013
Metrolinx releases short list of investment options for 'Big Move' plan
Metrolinx has developed a short list of funding options for "The Big Move," the regional transportation plan for the greater Toronto and Hamilton areas.
Big Move projects include two new subway lines — one a downtown relief line and the other an extension of the Yonge subway line north to Richmond Hill. In addition, projects include light-rail transit in Mississauga, Brampton and Hamilton, various roads and highways, and bus-rapid transit in Durham, Toronto, Peel and Halton.
Metrolinx officials examined more than 25 investment options and received input via 12 roundtable meetings with residents across the region.
"We heard that there is wide recognition of the problem of congestion and there is impatience for a solution," said Metrolinx CEO Bruce McCuaig in a prepared statement. "Participants want to see more transit and transportation expansion. They understand that this requires significant investment and, overall, they supported tools to build new transit and transportation."
Among the options under consideration: development charges, an employer payroll tax, a fuel tax, high occupancy tolls, highway tolls, land value capture, a parking space levy, property tax, a sales tax, fare increases and a vehicle kilometers-traveled fee.
Metrolinx plans to issue an investment strategy by June 1.
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