Canada and Ontario Support Revitalization of Union Station
Toronto, Ontario -- The Governments of Canada and Ontario are investing $305 million in the revitalization of Union Station in Toronto.
"Our Government, under the leadership of Prime Minister Stephen Harper, is fast-tracking funding to get shovels in the ground and jobs created at Union Station," said the Honourable Jim Flaherty, Minister of Finance. "As part of Canada's Economic Action Plan, we are taking action to stimulate Toronto's economy and speed up the revitalization of this major Toronto landmark."
"The economic and cultural value of Union Station cannot be understated - it is one of the most important buildings in Ontario," said George Smitherman, Ontario's Deputy Premier and Minister of Energy and Infrastructure. "This historic landmark is the central access point for Ontario's public travelling by rail and, in the future, it will link to the Pearson airport. Whether travelling for business or pleasure, residents and visitors will reap the benefits of this much needed revitalization for many years to come."
"As the owner and steward of this magnificent and historic building, the City of Toronto is pleased that we will be able to undertake the revitalization of Union Station and make it a facility truly befitting its status as Canada's busiest transit hub," said Toronto Mayor David Miller. "I want to thank our Federal, Provincial and private sector partners for helping make this important work possible."
Union Station is Canada's busiest passenger facility and an essential transportation hub for Toronto. It handles 65 million passengers annually, servicing the Toronto Transit Commission, GO Transit and VIA Rail. The number of passengers is set to increase significantly in the future.
The Government of Canada is setting aside one-third of total eligible project costs, up to $133 million, to support the revitalization of the train station to help improve passenger flow and capacity, protect the heritage aspects of the station and maintain it in a state of good repair.
The Province of Ontario is contributing $172 million to support the revitalization of Union Station, including $92 million to purchase and significantly rebuild the key station GO concourse at Bay Street and link it to a new GO concourse at York Street, increasing the concourse space three-fold to improve pedestrian flow as well as accessibility. The funding also includes $33 million towards construction of a PATH connection under York Street to join the northwest corner of Union Station to Wellington Street with connections to existing buildings along the route and $ 47 million for other renewal projects, including $20 million for heritage restoration of the main building itself.
The City of Toronto will be responsible for securing the balance of the $640 million total estimated cost of the project.
Metrolinx, the regional transportation authority, has identified Union Station and its expansion as one of the key priorities in its Regional Transportation Plan for the Greater Toronto and Hamilton Area.