August 15, 2018
Federal financial commitment to municipal infrastructure investments are critical to the growth and economic vitality of Canada’s big cities. The City of Toronto relies on intergovernmental partnerships to support necessary investments in Canada’s largest transit system, the Toronto Transit Commission (TTC), investments in rapid transit expansion, and building an active transportation network.
On August 23, 2016, the Government of Canada, the Province of Ontario and the City of Toronto announced a new federal-provincial funding agreement, the Public Transit Infrastructure Fund (PTIF) – Phase 1, to keep Torontonians moving through investments in the repair, modernization and expansion of the city’s transit and active transportation networks. PTIF provides nearly $3 billion in combined funding by the Government of Canada and municipalities across the Province.
Through PTIF, Toronto will receive up to $856 million in funding from the Government of Canada. These funds will be matched by the City, resulting in approximately $1.8 billion in funding available for public transit and active transportation projects. The PTIF has been allocated to municipalities based on ridership, and will provide funding for up to 50 per cent of eligible projects until March 31, 2020.
PTIF eligible investment categories include:
In Toronto, examples of PTIF projects receiving funding include:
The City’s approved project list under the federal PTIF program will help strengthen Toronto’s transit and transportation network and accelerate infrastructure projects.
The Ontario Ministry of Transportation is responsible for PTIF administration on behalf of the Government of Canada. The City continues to implement PTIF projects per the signed Transfer Payment Agreement with the Province of Ontario which governs the flow of funds to the City.
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Media contact: Deborah Blackstone, Strategic Communications, 416-392-7377, Deborah.Blackstone@toronto.ca