http://news.ontario.ca/medt/en/2015/07/ontario-takes-action-to-secure-infrastructure-funding.html?utm_source=ondemand&utm_medium=email&utm_campaign=p
News Release
Ontario Takes Action to Secure Infrastructure Funding
Priority Transit Projects Nominated to Federal Government to Help Strengthen Communities
Ontario is working to secure its share of funding for a number of priority transit projects that will help to create jobs, fuel our economy, and keep people moving across the province. Ontario needs a willing federal partner to ensure these important projects move forward.
The final set of priority projects in Ontario under the Provincial Territorial Infrastructure Component of the Building Canada Fund has been submitted to the federal government for approval. The projects focus on transit infrastructure and include:
- Lakeshore West and East rail corridors
- Kitchener rail corridor
- Barrie rail corridor
- Union Station rail corridor signal upgrades.
Under the National Infrastructure Component of the fund, the province has nominated the Scarborough subway extension project, reflecting the national importance the federal government's funding places on the project. Ontario is again calling on the federal government to fund the project out of the National Infrastructure Component, protecting the provincial fund from a unilateral carve out of important funding for provincial projects that will help provide efficient transit options to people across the GTHA.
Ontario also nominated the Ring of Fire under the National Infrastructure Component and continues to call on the federal government to match the province's commitment to invest up to $1 billion in the region. This project represents an unprecedented opportunity to unlock the economic development potential of northern Ontario and realize tremendous public benefits for Aboriginal communities, Ontario and Canada as a whole.
Ontario is investing more than $130 billion over 10 years in public infrastructure -- the largest infrastructure investment in the province's history. It's part of the government's four-part plan to build Ontario up by investing in people's talents and skills, building new public infrastructure like roads and transit, creating a dynamic, innovative environment where business thrives, and building a secure retirement savings plan.
