Comment 80168

By Exponent (anonymous) | Posted August 30, 2012 at 07:50:46 in reply to Comment 80095

Dunno about the federal component, but the provincial funding promise was just that. Two years ago, the province was down for a $9.3 billion allocation, although $4 billion of that was scheduled to appear circa 2015:

"The Ontario government is delaying funding for major transit projects in the Greater Toronto Area, including four central to Toronto Mayor David Miller’s ambitious public transportation legacy.

Citing deficit pressures, the province used Thursday’s budget to postpone $4-billion in spending over the next five years for key Metrolinx projects.

The move by Premier Dalton McGuinty’s government is likely to be interpreted as a decline in support for public transit in the GTA. Less than a year ago, the Liberals announced $9.3-billion for the fast-track expansion projects, a commitment widely viewed as a political victory for Mr. Miller....

The Liberal government said the restraint measure could affect five planned transportation expansion projects: The Scarborough rapid transit line, the Eglinton cross-town line, the Finch West rapid transit line, the Sheppard East line and the expansion of the York Viva service....

The government is asking Metrolinx, its regional transportation agency, to submit a proposal phasing in the projects for a total of $4-billion in savings over five years, starting in 2010-2011."

http://transit.toronto.on.ca/archives/data/201003251604.shtml

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