Canada and Ontario make new funding available for transformative infrastructure projects in London
Funding of over $204 million available in federal funding for local public transit projects
London, Ontario: March 16, 2018 — The governments of Canada and Ontario are working together to make long-term infrastructure investments to create economic growth, build inclusive communities and support a low carbon, green economy–leading to a higher quality of life for all Canadians.
On March 14, 2018, the Honourable Amarjeet Sohi, Minister of Infrastructure and Communities, and the Honourable Bob Chiarelli, Ontario Minister of Infrastructure, announced the signing of a bilateral agreement that will provide more than $11.8 billion over the next decade in federal funding dedicated to infrastructure projects under the Investing in Canada plan. The projects supported through this agreement will have a total value of over $31 billion, including $10 billion committed by the Ontario government. These projects will be cost-shared with the Ontario government, municipalities and other partners.
Through this agreement, the Government of Canada will be making unprecedented investments towards infrastructure across Ontario and providing the flexibility for its communities to identify their priorities and projects. These investments will help transform Canada in four priority areas: public transit; green infrastructure; community, culture and recreation infrastructure; and rural and northern community infrastructure.
Under the public transit stream, London will receive over $204 million for urban transit projects that will transform the way Londoners live, move and work. In addition, other local communities will receive funding totaling more than $16,916,372.55 to strengthen their public transit systems.
These investments will make a positive difference in communities, resulting in the better movement of people and goods, providing clean air and water, and enabling smarter and more efficient cities.
“I went to Ottawa in 2015 to help secure transit investments for this city because the people of London want and deserve a better, faster and more efficient transit system. This funding allocation of over $204 million will make that possible. It can be used at any time and for any purpose relating to transit and is proof our government is committed to giving London its fair share. Transit projects could include the building of a new network, service extensions, the refurbishment of existing buses, the purchasing of new buses or other improvements deemed necessary by the City of London. I look forward to continuing to engage with city officials to ensure the needs of Londoners are advocated for and that we work to ensure the necessary review of projects selected for funding by the municipality are processed in a timely manner and rest on a solid foundation.” – Peter Fragiskatos, Member of Parliament for London North Centre
“I have always said London would receive its fair share of infrastructure funds, and with today’s announcement we have delivered. We all agree that Londoners deserve public transit that gets them to work, school and everywhere else they need to go efficiently and on time. I will continue to listen to my constituents about their priorities for this historic investment, and look forward to working with my partners at the other levels of government to advance projects that will transform the way residents move around our city.” – Kate Young, Member of Parliament for London West
“At its core, infrastructure is about people. Our government understands that Ontario needs high-quality public infrastructure to support a booming economy and a high standard of living. That is why I am pleased that London will receive approximately $169 million in provincial funding through this agreement.” – Deb Matthews, MPP for London North Centre
• Under the Investing in Canada plan, the Government of Canada is investing more than $180 billion over 12 years in public transit projects, green infrastructure, social infrastructure, trade and transportation routes, and Canada’s rural and northern communities.
• Under the first phase of the plan, Infrastructure Canada has approved nearly 3,500 projects worth a combined investment of more than $8.4 billion.
• As part of the Plan, Infrastructure Canada will deliver over 11.8 billion to Ontario over the next decade through a new bilateral agreement under four funding streams:
o $8,340,401,116 for public transit;
o $2,848,855,330 for green infrastructure;
o $407,159,893 for community, cultural and recreational infrastructure; and
o $250,067,117 for wide-ranging infrastructure needs in rural and northern communities.
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