Archived - New Federal-Provincial Funding Agreement Will Keep Toronto Moving

August 23, 2016 – Toronto, Ontario – Department of Finance Canada

The Government of Canada, the Province of Ontario and the City of Toronto are working together to keep Torontonians moving through investments in the repair, modernization and expansion of the city’s transit and active transportation networks. These investments will create jobs, grow the middle class and ensure Toronto remains among the best places in the world to live, work and raise a family.

Finance Minister Bill Morneau—on behalf of the Honourable Amarjeet Sohi, Minister of Infrastructure and Communities—Toronto Mayor John Tory and Han Dong, MPP (Trinity–Spadina) today announced that multiple infrastructure projects will be getting under way in Toronto thanks to the signing of an agreement with the Province of Ontario that brings a new federal infrastructure funding program into effect: the Public Transit Infrastructure Fund (PTIF).

This agreement will make nearly $3 billion in combined funding—by the Government of Canada, Ontario and municipalities—available for public transit projects that will help ensure residents across the province get to work on time and back home safely to their families at the end of a long day.

For Toronto, this includes:

• Toronto Transit Commission (TTC) repairs, fleet expansion and modernization;
• Accessibility improvements;
• Expanded cycling infrastructure;
• Pedestrian safety improvements; and
• Preparation work to advance Toronto’s transit network plan.

These are among PTIF projects that are now eligible for funding across the province, as announced earlier today by Prime Minister Justin Trudeau and Ontario Premier Kathleen Wynne.

• Canada and Ontario Sign Agreement for Public Transit Infrastructure Funding

• PTIF funding is part of Phase 1 of Investing in Canada, the Government of Canada’s historic $120-billion plan to support public infrastructure across the country over the next 10 years.
• Phase 1 provides more than $11.9 billion in investments to support public transit systems, green infrastructure projects and social infrastructure projects. Details on Phase 2 of Investing in Canada will be announced over the next year.
• Under the PTIF agreement, the Government of Canada has made its funding retroactive to April 1, 2016, so projects can proceed without delay to ensure a productive construction season.

• Federal infrastructure investments in Ontario
• Have your say on infrastructure
• Investing in Canada, the Government of Canada's new $120 billion infrastructure plan
• The Public Transit Infrastructure Fund

Daniel Lauzon
Director of Communications
Office of the Minister of Finance
613-369-5696

Media Relations
Department of Finance Canada
613-369-4000

Press Secretary
Office of the Honourable Bob Chiarelli, Minister of Infrastructure (Ontario)
416-327-7227

Keerthana Kamalavasan
Senior Advisor, Communications
Office of the Mayor of Toronto
keerthana.kamalavasan@toronto.ca
647-460-7507

Deborah Blackstone
Strategic Communications, City of Toronto
dblacks@toronto.ca
416-392-7377