Public Transit Funding For Waterloo Region
The McGuinty government is committed to helping Waterloo Region increase its public transit use, reduce gridlock, improve air quality and build stronger communities.
With today's investment, Ontario has committed more than $372 million in expanding and improving public transit in Waterloo Region. Providing these much needed funds during tough economic times also creates jobs and supports local businesses.
Since 2003, these commitments, in addition to the provincial funding commitment of $300 million towards Waterloo Region's Rapid Transit project, include:
- $4.7 million in transit expansion funding through Ontario's Transit Technology and Infrastructure Program (TTIP) to support the purchase of additional buses, the construction of bus and passenger facilities, and the implementation of advanced transit technologies
- $44.8 million in provincial Gas Tax funding since 2004
- $5.37 million in Transit State of Good Repair funding in 2008 for renewal of transit vehicles and infrastructure
- $12.2 million in transit vehicle funding for the purchase of buses
- $4.3 million in 2006 and 2010 that could be used to support the purchase of replacement buses
- $1 million towards an environmental assessment for the Waterloo Region's Rapid Transit project.
The Province has committed funding towards Waterloo Region's existing rapid transit plan. As the Region assembles funding and considers project refinements, it will need to provide updated plans to the Province for review.