It’s been a great day for the city of Toronto as Prime Minister Stephen Harper announced his plans today to provide more than $2 billion in funding from the federal government for up to one-third of the cost for Toronto’s SmartTrack transit line.
The announcement was made by Harper alongside Finance Minister Joe Oliver and Toronto Mayor John Tory today. The Smart Track, as stated on Mayor John Tory’s website, will provide service from the Airport Corporate Centre in the west, southeast to Union Station and northeast to Markham in the east. It will have 22 new station stops and five interchanges with the TTC rapid transit network.
Oliver said the funding is all about making Toronto a liveable place for citizens and efficient place for job-creating businesses at today’s announcement, which took place at the Toronto Transit Commission’s Hillcrest Complex in midtown Toronto.
That budget included $750 million over two years, starting in 2017-18, and $1 billion for each year after, for a new public transit fund to help cities fight traffic congestion by encouraging public-private infrastructure projects.