TORONTO – The Ontario government is welcoming a new federal funding commitment of $10.7 billion to support the delivery of the province’s multi-billion plan to build four priority subways. Ontario’s bold $28.5 billion transit plan for the Greater Toronto Area (GTA), which already included a commitment of nearly $17 billion from the province, marks the largest subway expansion in Canadian history with the all-new Ontario Line; a three-stop Scarborough Subway Extension; the Yonge North Subway Extension; and the Eglinton Crosstown West Extension.
The funding announcement was made today by Caroline Mulroney, Ontario’s Minister of Transportation and Catherine McKenna, Federal Minister of Communities and Infrastructure. They were joined by Kinga Surma, Ontario’s Associate Minister of Transportation (GTA); Mary Ng, Federal Minister of Small Business, Export Promotion and International Trade and Member of Parliament for Markham-Thornhill; His Worship John Tory, Mayor of the City of Toronto; His Worship Frank Scarpitti, Mayor of the City of Markham, and Chair of York Region Rapid Transit Corporation; and Chairman Wayne Emmerson, CEO of the Regional Municipality of York.
“Our government, under Premier Ford’s leadership, is delivering on our bold plan to provide people with access to better, more reliable and more seamless rapid transit. We are getting people where they need to go, when they need to get there,” said Minister Mulroney. “By having the federal government come to the table in this historic partnership, we are moving full steam ahead on building these projects that our residents need today and for future generations.”
The combined subway projects will support over 16,000 jobs during the construction period, and by 2041, will have a total daily ridership of over 620,000 with almost 400,000 people within walking distance of a new transit station.
“Our government has never wavered from its election promise to deliver these four priority subway projects for the families and businesses of the Greater Toronto Area,” said Associate Minister Surma. “This federal investment marks our united front to build a truly connected transit system that will generate significant benefits to the local, regional, provincial and national economy over the decades to come.”