Ontario-Toronto Transit Partnership Preliminary Agreement

  • Posted by
  • on April 10, 2021
  • Filed in: Uncategorized

Toronto Mayor John Tory said the signing of the agreement was an important step in ensuring that the two governments work together together to get the job done. Mayor John Tory said, “People want us to continue to build a new transit and modernize our existing transit system in Toronto. The signature of this… An agreement is an important step in doing this work and ensuring that both governments cooperate fully. Mayor John Tory said the province`s approximately $11.2 billion invested in the city`s transit system will allow the city to spend billions on various government repair initiatives for the existing transit system, including the purchase of hundreds of new trams, buses and subway trains. The agreement provides that the province “owns the assets that flow from it,” but it says the city will retain ownership and responsibility for the existing subway system and will be “responsible for the day-to-day operation” of the new lines. The agreement was already approved by the city council in October, but was not officially signed until today. “This agreement will accelerate four major transit projects in our city. The expansion of our transit system will allow us to cope with the growth that Toronto is the fastest growing city in North America. TORONTO — The city and province have formally signed a preliminary agreement that will pave the way for a nearly $30 billion transit expansion plan. The project already has a successful partner.

In April 2018, the Greater Toronto Airports Authority (GTAA) announced that it would explore with Metrolinx possible links for the Kitchener Rail Corridor to its future regional transit and passenger centre and other potential transit routes, such as the Crosstown Eglinton West LRT. The GTAA participated in the $38 million study. Last November, the airport department announced that it would invest an additional $40 million in the partnership with Metrolinx and accelerate the technical work required to extend the Renforth LRT and the airport. “The signing of the interim transit partnership agreement between Toronto and Ontario is an important step in completing this work and ensuring that the two governments cooperate in full cooperation,” he said. “The signing of the preliminary agreement between Toronto and Ontario on the transit partnership is an important step in ensuring that the two governments cooperate in full cooperation,” Mayor John Tory said in a statement Friday morning. “This agreement will accelerate four major transit projects in our city. The expansion of our transit system will allow us to cope with the growth that Toronto is the fastest growing city in North America. The signing of the agreement only concludes the plans that Metrolinx, the Ontario Regional Transit Agency, has been working on since the two governments approved the plan in October.

Comments are closed.