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RSS FeedsToronto still more than $7 billion short for transit projects even after federal budget funding
(The Star Books)

 
 

25 march 2017 12:33:39

 
Toronto still more than $7 billion short for transit projects even after federal budget funding
(The Star Books)
 


Toronto is still more than $7 billion short of what it requires to pay for urgently needed transit projects, despite an injection of funding from the 2017 federal budget.Following the release of the Liberals’ spending plan Wednesday, Mayor John Tory’s office praised what it estimated would be a $5-billion investment for Toronto under the second phase of the Public Transit Infrastructure Fund. A statement from Tory said the money would provide “major benefits” for residents of the traffic-clogged city.The federal government would not verify the mayor’s $5-billion estimate Thursday, but did confirm the funding would include $660 million that Ottawa had already pledged towards the one-stop Scarborough subway extension.If the mayor’s math is right, that would leave the city with about $4.3 billion to spend on other priority projects that are partially or completely unfunded, including the relief line subway, the Eglinton East LRT, and Tory’s SmartTrack plan.Speaking by phone from India, where he has been conducting a trade mission, Tory put the burden on the province, telling reporters it was time for Queen’s Park to “step in and do its part.”The federal contribution is “most welcome,” he said, but “now we have to move forward and see what the provincial budget does.”The provincial Liberals are set to table their own spending plan next month. A spokesperson for Finance Minister Charles Sousa would make no commitments about contributing more to Toronto’s transit projects.“It’s important to remember that no provincial government in the history of Ontario has invested more in Toronto transit,” wrote Jessica Martin in an email, citing provincial spending on the Eglinton Crosstown LRT, the Spadina subway extension, the Union Pearson Express, GO Transit’s regional express rail program, and a sum previously committed for the Scarborough subwa ...


 
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