May 20, 2009
Another $1 billion in funding annnounced for Sheppard LRT line
TORONTO
It’s not the funding for new streetcars that Toronto’s looking for, but the city is getting almost $1 billion in federal and provincial money to build a new light rail transit line.
Prime Minister Stephen Harper and Premier Dalton McGuinty visited a Toronto Transit Commission yard to announce the approval of the Sheppard East LRT line.
Ontario will provide two-thirds of the estimated $950 million cost of the project, and the federal government will cover the remaining one-third.
The TTC has been looking for funding for a $1.2-billion plan to replace its aging fleet of streetcars, but so far Ottawa and the province have refused to commit to that project.
Construction on the Sheppard East LRT project is expected to start later this year, and will generate about 9,500 construction jobs before it’s completed in 2013.
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