Said MTG

$14.9B for public transit projects over next 8 years

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Prime Minister, Justin Trudeau, on Wednesday announced $14.9 billion for public transit projects over the next eight years, which includes permanent funding of $3 billion per year for Canadian communities beginning in 2026-27.

The announcement provides cities and communities the predictable transit funding they need to plan for the future, and is part of our plan to create one million jobs, fight climate change, and rebuild a more sustainable and resilient economy, according to a press release.

 

These investments will:

  • Help Canadians move around easier and create new jobs by building major public transit projects, providing dedicated planning funding to accelerate future major projects, and supporting the expansion of large urban transit systems that many Canadians depend on every day.
  • Reduce pollution and create jobs for Canadians by enhancing public transit systems and switching them to cleaner electrical power, including supporting the use of zero-emission vehicles and related infrastructure, complementing the work of the Canada Infrastructure Bank.
  • Support healthy lifestyles in our communities and meet the growing demand for active transportation projects, including by building walkways and paths for cycling, walking, scooters, e-bikes, and wheelchairs.
  • Help Canadians living in rural and remote areas travel to and from work more easily and access essential services, by working with rural, remote, and Indigenous communities to identify and create transit solutions that meet their needs.
  • Support our cities and communities by making a permanent and stable federal commitment to funding public transit, and facilitate partnerships between all orders of government, Indigenous communities, transit agencies, and other stakeholders to develop an approach to permanent public transit funding in a manner that offers the greatest benefits to Canadians.

 

“When we invest in public transit infrastructure, we are supporting good middle class jobs, creating better commutes, fighting climate change, and helping make life easier and more affordable for Canadians. We will continue to do what it takes to ensure our economic recovery from COVID-19 and build back a more resilient country for everyone,” Trudeau said.

 

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