March 30, 2004 3:32 PM
Modernize Canada's First Subway ($388 million)
Save the Streetcar ($132 million)
Integrated bus network ($391 million)
Integrated ticketing system ($140 million)
In support of these investments the City of Toronto and the TTC have committed to implement several supportive transit measures, including:
TTC Statistics
Sources of Funding
Through the $4-billion Canada Strategic Infrastructure Fund (CSIF), the Government of Canada works with provincial, territorial and municipal governments, as well as with the private sector, to meet strategic infrastructure needs throughout the country. The CSIF supports large-scale strategic infrastructure projects that improve quality of life and further sustainable growth. The Fund also supports the Government of Canada's "New Deal for Communities", through which the government aims to become a world leader in developing vibrant, creative and prosperous cities and communities. Since 1994, the Government of Canada has invested $12 billion to over 20,000 infrastructure projects in Canada's communities. This has helped leverage over $30 billion from all partners.
Federal Infrastructure Funding for the Toronto Area
Since 2000, the Government of Canada has provided over $200 million to 29 Toronto-area infrastructure projects, including an earlier $76 million for the TTC as well as partnership investments in Toronto's cultural infrastructure. In 2003, the Government of Canada announced investments worth $435 million for improvements to the GO Transit network and the York Region Transit Plan, as well as $25 million for the Toronto Opera House. These investments are being made through the Canada Strategic Infrastructure Fund. Toronto-area businesses will also benefit from investments worth over $297.8 million from the Border Infrastructure Fund that will improve cross-border traffic flow and expand the capacity of existing roadways near many southern Ontario border crossings.
Provincial Infrastructure Funding for the Toronto Area
The Government of Ontario has invested more than $126 million to the Toronto Transit Commission for safety and capital improvements since October 2003.
To tackle the growing problem of traffic congestion, the province is investing $142 million in 2003/04 to improve and expand the provincial highway network across Toronto and the GTA.
Ontario is also making important infrastructure investments in Toronto hospitals, universities and colleges, cultural facilities, and courthouses. The province has committed $511 million for projects recently completed or underway to build and modernize Toronto's post-secondary institutions, including major projects at the University of Toronto, York University, and Seneca College. Other investments, such as the government's $20 million support for the Medical and Related Sciences (MaRS) project in downtown Toronto, will assist the city in becoming a centre for innovation and commercialization in the biotechnology sector.
In addition, the province is providing $146 million in financial and equivalent support to the development or expansion of important Toronto cultural, tourism and sports facilities such as Royal Ontario Museum, Art Gallery of Ontario, National Ballet School, Canadian Opera Company, George R. Gardiner Museum of Ceramic Art, Royal Conservatory of Music and Roy Thomson Hall.
As well, Ontario, together with the Government of Canada and the City of Toronto, announced a total investment of $1.5 billion in Toronto's waterfront redevelopment ($500 million each). The provincial government's contribution toward the waterfront initiative in 2003/04 was $13.3 million.