Federal, provincial Liberals to sign $1.49-billion transit funding agreement
OTTAWA — The federal treasury is doling out $1.49 billion worth of transit funding among cities in Ontario for track upgrades, new buses and improvements and accessibility upgrades to stations, the prime minister announced Tuesday.
Five Ontario cities are the first recipients of $688 million of the dedicated transit funding for projects that have been approved. The funding can be used for up to half of the costs of an eligible project. It’s retroactive to April 1 to cover any costs cities and provinces have already incurred since then.
“For larger cities like Toronto it means upgraded vehicles, more timely subway track repairs and vehicles and stations that are more accessible,” Trudeau said in Barrie, Ont.
“In communities across the province this investment will shorten commute times and make public transit more efficient and more inclusive.”