The Governments of Canada, Ontario, and a number of municipalities have agreed to provide more than C$2.97bn ($2.3bn) in combined funding to improve public transit systems across the province.
The bilateral agreement aims to boost Canadian communities and help create jobs. Funding will be provided under phase one of the C$120bn ($92bn) plan Investing in Canada, which aims to support public infrastructure across the country over the next ten years.
Work planned under the fund includes new transit and signalling systems for railway tracks, upgrading of transit vehicles, timely repairs to subway tracks, construction of new public transit express routes, and improvement of accessibility.
A sum of C$45m ($34.8m) has been designated for rail projects in Ottawa to conduct early works and preliminary engineering for LRT State 2, reported RT&S.
Other rail projects included are the planning and design of Metrolinx's Relief Line in Toronto with a sum of C$27.7m ($21.5m), and a C$25m ($19.3m) investment to carry out early work related to Metrolinx's 11km Finch West light-rail line.
In addition, the Toronto Transit Commission's surface track replacement programme will require a C$23m ($17.8m) investment and an amount of C$22.9m ($17.7m) will be used for the Greater and Hamilton area for enterprise asset management for Metrolinx.
Canadian Prime Minister Justin Trudeau said: "We are committed to investments that will make a real difference in our communities – investments that will give Canadians more time to spend with loved ones, and to be out enjoying all that their towns and cities have to offer.
“These investments will provide Ontarians with improved public transit systems that will get them to work on time, and back home quickly and safely.
“They will also help generate new jobs, grow the middle class, promote a healthier environment, and lay a solid foundation for the sustainable economy of the future."
The Government of Canada will provide upto 50% of the funding required, which is to be supplied through new federal infrastructure programme Public Transit Infrastructure Fund.
The Canadian Government said funding available through the new Public Transit Infrastructure Fund will be jointly managed by the Government of Canada, provincial, and territorial governments.
Image: Canadian Prime Minister Justin Trudeau at the signing of the agreement. Photo: courtesy of Government of Canada.