$28.5 billion to be invested for Ontario’s new subway lines



$28.5 billion to be invested for Ontario’s new subway lines

 

April 12, 2019

Global Korean Post

 

Ontario government is investing $28.5 billion in transportation expansion.

This is the most money ever invested to get shovels in the ground and get new subways built.

 

On April 10, Premier Doug Ford joined by Jeff Yurek, Minister of Transportation, and Monte McNaughton, Minister of Infrastructure announced a $28.5 billion expansion to Ontario’s transit network.

The province will invest $11.2 billion to support these four rapid transit projects. This funding over-delivers on the government’s commitment to put $5 billion into subway extensions.

Premier Ford said, “It’s a historic day in Ontario! We are improving transit to get you to work, to home, and to family and friends sooner.”

 

This funding is in addition to the significant contributions made to transportation in Ontario.

As part of the announcement, Premier Ford reaffirmed the government’s commitment to working with the City of Toronto to upload the TTC subway infrastructure.

 

Quick Facts

  • The Ontario Line will cost $10.9 billion and will be delivered by 2027.
  • The Yonge North Subway Extension will cost $5.6 billion and should be open soon after the Ontario Line.
  • The Scarborough Subway Extension will cost $5.5 billion and will be delivered before 2030.
  • The Eglinton Crosstown West Extension will cost $4.7 billion and will be delivered before 2031.
  • The projects will require a combined $28.5 billion, of which the province has committed $11.2 billion.

 

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