By Jessica Ashley Merkley
Let’s be honest, it’s clear that the Toronto transit system is due for an overhaul. I, like many out there, am faced on the daily with the somewhat archaic city transit system that can certainly do with an upgrade.
Perhaps the delays and technical issues that cause frustrations quite regularly to commuters, will be a thing of the past, all thanks to a massive infusion of funds granted to Toronto transit by both the federal and provincial government, this week.
It was announced yesterday that Toronto transit will be receiving a massive boost from the federal government to be put to use over the next decade. The provincial government has also stepped up and nearly matched the amount given by the federal government.
It is now confirmed that the federal government has allotted $5 billion to the city of Toronto’s transit system. Additionally, the provincial government has matched this amount, allotting over $4 billion for various projects that are in the plans for the city’s transit infrastructure.
During a press conference that was held in Mississauga on Wednesday, the infrastructure ministers on both the federal and provincial level, joined forces and announced the signing of a bilateral agreement, which will see nearly $12 billion of federal funds used across Ontario for public transit, various community projects and environmental green infrastructure throughout the next ten years.
Of the near-$12 billion, Toronto is set to receive over half of the funds which have been allocated for Ontario transit- a figure that is roughly $8.5 billion. This infusion of money will allow the city to pay 40 per cent of the cost for slated transit projects.
It’s certainly refreshing to witness two levels of government joining forces to achieve a common goal. Ontario Infrastructure Minister Bob Chiarelli, also holds the same opinion on this as I, stating “I often say that the people of Ontario are best served when all levels of government work together,” while at the press conference on Wednesday.
Today is good news for transit in Toronto and for all of our residents. The federal and provincial government are pledging almost $9 billion for our priority transit projects. pic.twitter.com/M5AvJ3rqlY
— John Tory (@JohnTory) March 14, 2018
As to the reasons why Toronto was allocated such a massive sum compared to other regions of the province, Federal Infrastructure Minister Amarjeet Sohi explained:
“The city of Toronto is getting a significant amount of money, Toronto’s ridership is larger and we want the resources to go where the resources are needed.”
The specific plans for how the funds allocated to Toronto transit will be used, have yet to be determined fully, however, the financial boost is sure to bring massive improvements to Toronto transit over the years.