Progressive Railroading



RAIL EMPLOYMENT

Newsletter Sign Up
Stay updated on news, articles and information for the rail industry


All fields are required.





Rail News Home Rail Industry Trends

3/19/2008



Rail News: Rail Industry Trends

Toronto Transit Commission lands $303.5 million in federal funds to keep commuters moving


Yesterday, the Government of Canada, city of Toronto and Toronto Transit Commission (TTC) signed a $303.5 million contribution agreement aimed at improving subway tracks, dedicated streetcar lanes and buses.

With federal funding in hand, TTC plans to:

• purchase 78 new subway cars, and repair and/or rehabilitate tracks and tunnels, escalators and elevators, and fire ventilation and radio systems;

• repair or replace streetcar tracks along numerous routes; and

• construct dedicated streetcar lanes as part of the St. Clair Avenue West Transit Improvement Project.

TTC will receive an additional $46.5 million "upon successful completion of a proposal for a fare card for the Greater Toronto Area," according to a prepared statement.

The city is contributing $350 million to the improvement cause. The province of Ontario provided $303.5 million from 2005 to 2007.

"Public transit is the lifeline for many of the city's neighborhoods and it's also an important part of our strategy to green our city," said Toronto Mayor David Miller. "The more we invest in it, the more we are able to enhance the lives of all Torontonians."


Contact Progressive Railroading editorial staff.

More News from 3/19/2008