Canada's Transit Infrastructure Needs Attention: $53 Billion for the Next 5 Years

A new national survey released by CUTA shows that the total value of transit infrastructure plans for the 2012-2016 period amounts to $53.5 billion. Thanks to strong commitments by all orders of government, $40 billion can be drawn from existing funding streams. The remaining $13.5 billion will have to come from new or additional sources.

The Funding Gap is Shrinking

The survey also shows that the infrastructure funding gap between transit plans and available funding is shrinking. Indeed, it is expected that 75% of the transit infrastructure needs will be met by existing programs during the 2012-2016 period, up from 67% for 2010-2014, and 50% for 2008-2012. In fact, 27% of the funds is needed to rehabilitate or renew existing infrastructure, while 73% is identified to expand capacity for ridership growth.

A full copy of the Infrastructure Report and News Release is available.