Nouvelles et médias

Toronto set to get more than half of feds’ transit funds allocated to Ontario

VIA THE GLOBE AND MAIL

Toronto Mayor John Tory says he’s delighted the city will get more than half of $8.34-billion in infrastructure funds the federal government is allocating to Ontario – but only if the province ponies up its own cash.

Toronto is set to receive about $4.8-billion for its transit network expansion plan, including major projects of a subway relief line, a surface rail Smart Track plan, light-rail transit on Eglinton East and waterfront transit.

But the funding is contingent on the province funding at least 33 per cent of the costs, and Tory is calling on Ontario to go beyond that, with a 40-40-20 cost sharing.

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