A welcome visit by PM Trudeau to the TTC5/13/16 6:00 AM
Last week’s (May 6) announcement by Prime Minister Justin Trudeau that his government will invest up to $840 million in the TTC over the next three years is fantastic news.
In a historic visit to our Greenwood Yard, the prime minister was joined by Mayor John Tory and Ontario Transportation Minister Steven Del Duca to confirm the TTC’s allocation of the federal government’s overall investment in transit and big cities following on this year’s Federal Budget.
For the first time, allocation of funds will be based on ridership, not population. This is something that the TTC has long called for, as it reflects the fact that the TTC’s challenge is far greater than any other Canadian transit system, transporting 26 per cent of the nation’s ridership on the lowest operational subsidy in North America. Coupled with City Council’s record investment of an additional $95 million in operational funding last year, the TTC’s long campaign for increased funding is bearing fruit.
The first phase of infrastructure funding unveiled in the March budget included up to $3.4 billion over three years to upgrade and improve public transit systems across Canada. Starting this year, $1.5 billion will flow to the province and up to $840 million to the City and the TTC for continued state-of-good-repair work. The federal government will fund up to 50 per cent of the cost of approved projects and how the money will be spent is up to the City, not Ottawa.
We have drawn up a list of shovel ready projects against which this additional funding can be allocated. This includes investment in new vehicles as well as continuing our work to improve the underlying state of good repair of the TTC’s service-critical infrastructure, such as track and signals.
I warmly welcome this transformative funding; it will enable us to expedite the modernization of your TTC.
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From the Archives
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- Countdown on to TTC’s Line 1 extension, 22/09/2017