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3/7/2007



Rail News: Rail Industry Trends

Canadian government commits $962 million for Toronto-area congestion relief



The Canadian government recently announced a plan to provide up to $962 million for public transit and highway infrastructure projects in the greater Toronto area. Combined with funding from the Province of Ontario and five municipalities, almost $4.5 billion in government funding will be appropriated for the projects.

Funds will be provided as part of FLOW, the federal government’s long-term transportation plan for the Greater Toronto area aimed at reducing gridlock, improving the environment and increasing economic growth.

The Toronto Transit Commission will receive up to $1.3 billion to extend the Spadina subway 5.3 miles through York University to the Vaughan Corporate Centre. The federal government will provide $697 million and the Province of Ontario, $670 million for the project. The city of Toronto and municipality of York will cover remaining costs.


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