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Fri April 16 2021

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Ontario unlocks $4bn in funds for light rail

22 Apr 15 Ontario is moving ahead with the Hurontario-Main Light Rail Transit (LRT) project as part of the largest infrastructure investment in the Canadian province’s history.

This month, Ontario has progressed its plan to unlock the value of some public assets. This will provide the province with approximately CA$4bn (£2.2bn) to build new transit and other priority infrastructure projects through its Moving Ontario Forward plan.

The new public transit project, led by Metrolinx, will bring 23km of rapid transit to Mississauga and Brampton. The LRT line is expected to have 26 stops, including three stops within downtown Mississauga and two stops in downtown Brampton.

Through the Moving Ontario Forward plan, the government is investing in priority rapid transit projects that will connect to existing systems across the Greater Toronto and Hamilton Area (GTHA).

Investing more than CA$130bn over 10 years in public infrastructure - the largest infrastructure investment in the province's history - is part of the government's plan for Ontario.  

The province’s Moving Ontario Forward plan will make CA$31.5bn available over the next 10 years for investments in priority infrastructure projects across the province and is expected to support over 20,000 jobs per year, on average, in construction and related industries.

Under Moving Ontario Forward, around CA$16bn is being allocated to transit and transportation projects in the Greater Toronto and Hamilton Area (GTHA), and about CA$15bn is being made available for investment in roads, bridges, transit and other critical infrastructure in the rest of the province.

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