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Queen’s Park unveils new stream of transit funding

DCN News Services
Queen’s Park unveils new stream of transit funding

TORONTO — The Ontario government has announced a new program for municipalities located outside the Greater Toronto and Hamilton Area to access funding for public transit programs.

Beginning today (April 2), 85 eligible municipalities will be able to nominate their most critical public transit projects under the Investing in Canada Infrastructure Program (ICIP), a release stated. This stream will fund construction, expansion and improvement of public transit networks.

The first intake of the Public Transit stream of the 10-year infrastructure program will allocate up to $1.62 billion in joint provincial and federal funding. In total, the ICIP will allocate $30 billion in combined federal, provincial and local contributions in the province as part of the agreement.

“Our communities count on commuter infrastructure to get people to work and home again to their families,” said Monte McNaughton, minister of infrastructure, in the release. “The Public Transit stream will build and improve urban transit networks and service extensions that will transform the way that the people of Ontario live, move and work.”

Ontario’s share per project within the ICIP will be up to 33 per cent, or $10.2 billion spread across four streams: Rural and Northern, Public Transit, Green, and Community, Culture and Recreation.

The application intake for the Rural and Northern stream under ICIP is open until May 14.

“The Association of Municipalities of Ontario (AMO) welcomes the launch of provincial and federal funding for many local public transit systems across Ontario,” commented AMO president Jamie McGarvey in the statement.

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