Prime Minister Justin Trudeau said Wednesday that there is an 'ongoing conversation' about new subway cars for Toronto as applications opened for the federal government’s new 10-year, $30 billion transit fund.
Prime Minister Justin Trudeau, Mayor Olivia Chow and Finance Minister Chrystia Freeland tour a TTC facility in Toronto Wednesday July 17, 2024.Prime Minister Justin Trudeau said Wednesday that there is an "ongoing conversation" about new subway cars for Toronto as applications opened for the federal government’s new 10-year, $30 billion transit fund.
Trudeau's visit marked the opening of applications to the Canada Public Transit Fund. The federal government says it plans to provide $3 billion a year over 10 years in order to fund capital transit projects. The money from the fund isn't expected to flow before 2026, but applications for projects open Wednesday.
Trudeau indicated Wednesday that while there is a conversation about new subway cars, money provided to Toronto through the new fund will not be designated by Ottawa for particular projects. "Listen to those words: Long-term, permanent and predictable. Should we give them a big round of applause?" Chow said to cheers from the assembled workers.
The federal government is also tying the plan to its housing goals, looking to fund transit projects around density.
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