Tag Archives: $8 billion

Toronto transit investment announcement

Ontario to pony up $8B for Scarborough, Eglinton LRTs
City to seek $4B private cash for Sheppard subway
T.O taxpayers on hook for $49 mil spent on canceled routes

Kris Scheuer
(Written for Town Crier March 31.)

Subway prototype on display at Wilson TTC yard during March 31 transit announcement. Photo by Kris Scheuer/Town Crier.

Get ready Toronto for $12 billion worth of transit including a Sheppard subway, Eglinton LRT and the Scarborough LRT.
Mayor Rob Ford and Premier Dalton McGuinty announced the investment at a press conference from the Wilson TTC yards in front of brand new subways prototypes.
“This is a great day for taxpayers of Toronto,” Ford said. “They want rapid transit to get to work faster and to get home to their families.
“Our new plan will provide a truly rapid transit system.”
McGuinty confirmed that the province, through Metrolinx, would invest up to $8.4 million to build a 25 kilometre, 26 stop LRT line from Black Creek Drive to Kennedy station and north to Scarborough City Centre and to replace the existing Scarborough RT with an LRT.
The premier, mayor, the ministry of transportation and provincial agency-Metrolinx have worked tirelessly to work out a deal over the past four months that would meet the needs of all sides.
“Our provincial priority was the Eglinton line,” said Transportation Minister and Don Valley West MPP Kathleen Wynne. “We wanted to minimize delay, we wanted to get the Presto card implemented and we had said there was no more money.”

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