Comment 83385

By Sigma Cub (anonymous) | Posted December 03, 2012 at 11:43:27 in reply to Comment 83381

Ward 7 Councillor Nando Iannicca says construction of a $1.6 billion light rail transit system along Hurontario St. could begin within the next five years if the funding can be found by the government agency responsible for coordinating and integrating transportation in the region.

Iannicca was responding to Metrolinx president and CEO Bruce McCuaig, who today unveiled the next phase of Metrolinx's regional transit plan, dubbed The Big Move, during a presentation to the Toronto Board of Trade.

The 23-kilometre LRT, which will connect Port Credit with downtown Brampton, is among several projects announced today as being part of the next phase.
The Big Move calls for an investment of $50 billion over 25 years. So far, about $16 billion has been invested in a variety of projects, including several in Mississauga....

Iannicca acknowledged, though, that how the project will be funded remains unclear. However, he said it's his understanding Metrolinx might pay for as much as 75 per cent.

The City of Mississauga has already started the design, engineering and environmental assessment studies and Iannicca believes construction could begin in three to five years.

However, questions remain as to how the next $34 billion in projects will be paid for by Metrolinx.

"With our plan in place, it's now time for the big conversation about the best ways to pay for this $34 billion investment," said McCuaig. "Together, let's look to what other world-class cities have done to fund their transit plans and then get the job done here."

Metrolinx officials say they must inform Queen's Park of their investment strategy by June 1, 2013.

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