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The Toronto Transit Commission (TTC) has approved 2022 operating and capital budgets, which will return service to pre-pandemic levels without increasing fares.
The budgets focus on funding long-term projects to modernize the TTC and address future transit needs, including a CA$1.7 billion investment in capital infrastructure to add more streetcars. This budget freezes fares for the second year in a row, which will help ensure transit remains affordable, TTC officials said in a press release.
The 10-year capital plan, which provides funds through 2031, represents a total CA$12 billion investment. Nearly 60% of the plan is dedicated to state-of-good-repair work on critical service improvement projects. The agency’s 15-year capital investment plan totals CA$37 billion and introduces the agency's first real estate investment plan.
The 2022 budget includes funding for:• the opening of Line 5, Eglinton-Crosstown in 2022 and preparing for the opening of Line 6 Finch West in 2023;• restoration of full pre-pandemic service levels in the second quarter of 2022;• increased Wheel-Trans service to meet demand;• a service plan reset and ridership reacquisition strategy, critical to serve anticipated post-pandemic changes in transit demand and travel patterns;• completion of the 10-year fare collection strategy to modernize the TTC’s fare collection system;• innovation and sustainability review focused on embedding innovation, environmental sustainability and climate change resilience at the TTC; and• enhanced diversity, anti-Black racism and mental health training, allowing the TTC to be a leader in inclusive and accessible transit service.
The budget now goes to the city of Toronto for final approval in early 2022.