For immediate release
March 22, 2016
Federal Budget Shows Significant Commitment to TTC Infrastructure
The Federal budget tabled this afternoon contains good news for TTC customers who rely on Toronto's aging transit infrastructure. The $3.4B in public transit investments over three years announced today by the Minister of Finance are a welcome sign that the TTC and City of Toronto have a strong Federal partner in delivering public transit for Toronto.
The TTC welcomes this much-needed investment, which is essential in addressing its $2.7B "state of good repair" backlog of unfunded priority projects. Over the next few years we can now accelerate much needed efforts to modernize our subway system, acquire new buses, and upgrade our streetcar network. The investments announced today will make a noticeable difference in the commute of all TTC customers, who will experience more reliable service with less crowding and disruptions.
"This commitment to maintaining the 'nuts and bolts' of the TTC is something that I have long been calling for from our Federal partners", said TTC Chair Josh Colle. "Maintaining our most integral infrastructure, addressing our growing backlog of repairs, modernization of the technology in the tunnels, and consistent funding have always been my top transit priorities."
"Our system experiences too many service delays due to aging infrastructure and today's announcement is a substantial step in reversing this trend." commented Chair Colle. “I look forward to working with our Federal partners to move forward with modernizing our transit infrastructure, and improving the commutes of all Torontonians."
Office of TTC Chair Josh Colle