New Light Rail Vehicles set to roll in 2012
Next-generation streetcars secured for future generation of riders
The next-generation of streetcars are now secure for a future generation of TTC riders.
At a Special Meeting on June 26, Toronto City Council approved the deferral of $417 million in the TTC’s Capital Budget in order to complete the purchase of 204 LRVs from Bombardier Transportation to replace the aging streetcar fleet. Bombardier’s purchase price was guaranteed until June 27.
“This purchase will allow the TTC to replace its aging streetcar fleet with modern light rail vehicles that can carry more riders,” said Mayor David Miller. “This is a made-in-Ontario solution that will generate thousands of desperately needed manufacturing jobs, provide a huge infusion into the economy and generate millions in tax revenues to the provincial and federal governments.
“Since December, we’ve secured nearly $10 billion in funding for public transit in Toronto. There has never been a six months like this in the history of this city.”
The City has committed $834 million towards the $1.22-billion investment. The TTC will defer certain capital projects between 2012 and 2018 totalling $417 million. That money will be applied to the streetcar purchase.
At the meeting, Chief General Manager Gary Webster assured Council that safety of the vehicles and the system wouldn’t be at risk, and that the TTC’s state-of-good-repair projects won’t be affected because the monies are drawn from the out-year budgets. Projects will be reviewed with regards to priority during the next budget cycle.
The Province committed $416 million to the purchase in a June 19 announcement with Premier Dalton McGuinty and Mayor Miller. The LRVs will be manufactured in Thunder Bay, providing stimulus to the provincial economy.
Last December, City Council voted unanimously to approve the LRV purchase, and to request the federal and provincial governments to each provide one-third of the funding for the LRV purchase. The Special Meeting was necessary because the City’s request for one-third federal funding was declined by Ottawa on June 20.
The delivery of streetcars for service begins in late 2011/early 2012 and will be complete by 2018.