No. H 218/08
For release – September 5, 2008
FLAHERTY ANNOUNCES FUNDS WILL BEGIN FLOWING TO SPADINA SUBWAY EXTENSION
TORONTO — People living and working in Toronto will begin to benefit soon from reduced traffic congestion, shorter commuting times, and cleaner air through the Toronto-York Spadina Subway extension. The Honourable Jim Flaherty, Minister of Finance, on behalf of the Honourable Lawrence Cannon, Minister of Transport, Infrastructure and Communities, today announced that a contribution agreement has been signed by the federal, provincial and municipal governments, meaning that funds for the completion of the project will now begin flowing.
“The Government of Canada is helping to provide the students, commuters, and families of the Greater Toronto Area with transportation options, getting people out of their cars and onto public transit,” said Minister Flaherty. “We are committed to working with our provincial and municipal partners to improve transportation infrastructure across the country. The Toronto-York Spadina Subway extension is an excellent example of how we’re delivering real results.”
The Toronto-York Spadina Subway Extension project encompasses an 8.6 kilometre extension to the Toronto Transit Commission’s Spadina subway line, extending subway service to York University and the Vaughan Corporate Centre. With the signing of the contribution agreement, the Government of Canada will commit to paying up to $622 million under the Building Canada infrastructure plan towards the design and construction of this project. This is in addition to the $75 million already received by the project under the Public Transit Capital Trust.
In addition to the funding being made available for the Spadina Subway extension, several other transit projects in the GTA are being funded by the Government of Canada. They include:
- York VIVA (Phase 1) — $50 million toward a $164 million bus rapid transit project;
- York VIVA (Phase 2) — up to $85 million toward the second phase of this bus rapid transit project;
- GO Transit Rail Improvement Program — $385 million toward a $1 billion project; Through this project, six of the seven rail corridors being used by GO are being upgraded, as well as some work around Union Station;
- Brampton AcceleRide — $95 million from the Canada Strategic Infrastructure Fund toward a $285 million Bus Rapid Transit project;
- Mississauga Bus Rapid Transit — $83 million from the Canada Strategic Infrastructure Fund toward a $249 million project; and
- Toronto Transit Commission Strategic Capital Projects — $350 million from the Canada Strategic Infrastructure Fund towards a $1.2 billion project.
The Government of Canada provided $500 million for public transit infrastructure in Budget 2008. This will provide up to $194.5 million to Ontario under the Public Transit Fund. Under the previous Public Transit Capital Trust, the Province of Ontario has received $351.5 million, which it can use for various transit projects over the next three years. In addition, all Ontario municipalities will continue to receive a GST rebate.
“It’s clear that for the Government of Canada, investing in transportation infrastructure for the people of the GTA has been a key priority,” Minister Flaherty said. “We are delivering on this priority even further today with the Spadina Subway extension.”
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Office of the Minister of Finance
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