McGuinty, Harper announce $950M in TTC funding
Updated: Fri May. 15 2009 12:02:24 PM
The province is teaming up with the federal government to put an estimated $950 million towards the improvement of light rail transit in Toronto.
The two governments announced Friday that they will provide major funding to allow the Sheppard East Light Rail Transit (LRT) project to go forward.
Prime Minister Stephen Harper told a news conference that the project will help bring "this great city even closer together" by making it easier for people to get where they want to go.
It will also help "ensure that Toronto's public transit system is second to none," he said.
He said construction will begin in July, pushed forward by the demands of Canada's Economic Action Plan.
Ontario will provide two-thirds of the money, while the Government of Canada will pick up the remaining one-third.
The project is expected to improve public transportation in Toronto by providing an estimated 45,000 trips for commuters each day along the new light rail line.
It will also create 9,500 construction jobs in the interim.
The Sheppard East LRT will connect with the Finch West LRT, the Sheppard subway line, as well as the GO Stouffville rail corridor.
It may also connect to the Scarborough Rapid Transit line extension.
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