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Jul 17, 2024 · Applications opened Wednesday for two streams in the federal government's new $30-billion public transit fund, even though the money won't start flowing for another two years, Prime Minister ...
Public transit funding in Canada. Since 2015, the Government of Canada has invested over $30 billion in more than 2,000 projects across the country, supporting a variety of projects, from new subway lines in Canada’s biggest cities such as the Millenium Broadway Subway Extension project in Vancouver, to transit lines in major cities such as the Finch West light rail line project in Toronto ...
New fine details have been revealed on how the federal government’s new permanent public transit fund will help cover the cost of building new and improved public transit infrastructure across Canada. This comes five years after the federal Liberal party first promised such a program during the 2019 federal election campaign.
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Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that the Government of Canada intends to introduce legislation to invest up to $750 million to support municipalities facing transit operating shortfalls, in collaboration with provinces and territories. This one-time payment would help cities maintain service levels despite decreased ridership as a result of the pandemic.
February 17, 2022 - Ottawa, Ontario - Department of Finance Canada
Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced that the Government of Canada intends to introduce legislation to invest up to $750 million to support municipalities facing transit operating shortfalls, in collaboration with provinces and territories. This one-time payment would help cities maintain service levels despite decreased ridership as a result of the pandemic.
To increase the impact of this investment, funding would be conditional on provincial and territorial governments matching this federal contribution and accelerating their efforts to improve housing supply, in collaboration with municipalities.
“Fast, affordable, and reliable public transit is essential to making our cities liveable and to our economic recovery. Public transit helps Canadians get to work, reduces traffic congestion, and improves air quality. For many Canadians, it is also the only viable option for getting around. This investment will help keep Canadians moving and ensure our economic recovery leaves no one behind.”
- The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance
"Canadians rely on public transit to get to where they need to be, 365 days a year. The pandemic has been a challenge for transit operators across the country, but they have worked around the clock to support commuters. Our Government will continue to work collaboratively with our municipal and provincial partners to ensure that public transit remains reliable, timely and affordable."
- The Honourable Dominic LeBlanc, Minister of Intergovernmental Affairs, Infrastructure and Communities
•The federal funding would be allocated to provinces and territories based on the formula already used for the Public Transit stream of the Investing in Canada Infrastructure Program. This calculation is based on a mix of transit ridership (70 per cent weight) and population (30 per cent weight).
In July 2020, the federal government announced it would invest up to $2 billion to support municipalities with COVID-19 operating costs and $2.4 billion to cost-match any additional provincial/territorial contributions to public transit operations under the Safe Restart Agreement.
In March 2021, the federal government provided a one-time additional investment of $2.2 billion to address infrastructure priorities in municipalities and First Nations communities by doubling the Canada Community-Building Fund.
This proposed investment is also in addition to the $14.9 billion over eight years, with $3 billion per year in permanent funding starting in 2026-27, announced in 2021 for public transit projects across Canada.
Adrienne Vaupshas
Press Secretary
Office of the Deputy Prime Minister and Minister of Finance
Adrienne.Vaupshas@fin.gc.ca
Media Relations
Department of Finance Canada
- Department of Finance Canada
Feb 10, 2021 · 1:13. Prime Minister Justin Trudeau announced 14.9 billion dollars for transit projects over the next eight years. Trudeau said the funding could be used for everything from subway extensions and ...
Jul 26, 2024 · On July 17, 2024, Prime Minister Justin Trudeau announced the launch of the Canada Public Transit Fund (the Fund). Through the Fund, the federal government will commit CA$30 billion over 10 years destined to Canadian public transit infrastructure which, if realized, would make it the largest public transit program in Canadian history.
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Jul 17, 2024 · Posted July 17, 2024 11:42 am. Applications opened Wednesday for two streams in the federal government’s new $30-billion public transit fund, even though the money won’t start flowing for another two years, Prime Minister Justin Trudeau said. The Canada Public Transit Fund has been in the works for months and was promised in the recent ...
