Toronto, Ontario – A new $303.5 million contribution agreement signed yesterday by the Government of Canada, the City of Toronto and the Toronto Transit Commission (TTC) will provide funding for improved public transit, including subways, dedicated streetcar lanes and buses.

“I am pleased that we’ve been able to work collaboratively with our partners in the federal government to secure this funding,” said David Miller, mayor of Toronto. “Public transit is the lifeline for many of the city’s neighbourhoods and it’s also an important part of our strategy to green our city. The more we invest in it, the more we are able to enhance the lives of all Torontonians.”

The funding will provide for the following improvements:
– The purchase of 78 new subway cars, along with repairs or improvements to tracks and tunnels, escalators and elevators, fire ventilation and radio systems
– Streetcar tracks will be repaired or replaced along numerous routes, and dedicated streetcar lanes will be constructed as part of the St. Clair Avenue West Transit Improvement Project
– The purchase of new hybrid buses
– The construction of bus rapid transit links from York University to Downsview Station and along Yonge Street from Finch Station to Steeles Avenue

An additional $46.5 million will be made available to the TTC upon successful completion of a proposal for a fare card for the Greater Toronto Area.

Connect with Autos.ca