The government of Canada will contribute up to CA$384m to the Toronto Port Lands Flood Protection project, and the government of Ontario and the city of Toronto will each contribute over CA$400m.
The investments are designed to help protect Toronto’s Port Lands from flooding and lay the groundwork to transform the underused industrial area into a vibrant and resilient downtown neighbourhood.
The project will provide critical flood protection through the creation of a naturalized mouth for the Don River. It will also help clean up contaminated soil, unlock land for development, and establish new aquatic habitats and wetlands that support native species.
These efforts will help support the long-term transformation of the Port Lands into new mixed-use communities with residential and commercial development – including affordable housing – surrounded by parks and green space.
“Canada’s waterfronts are a resource to be enjoyed by all Canadians, today and tomorrow,” said prime minister Justin Trudeau. “This project will help residents of Canada’s largest city adapt to the impacts of a changing climate while spurring local economic growth. With local and provincial partners, we are taking action today to protect our environment and leave a cleaner, more prosperous economy for generations to come.”
Minister of infrastructure and communities Amarjeet Sohi added: “The government of Canada recognises that remediation and flood protection infrastructure is essential to creating better, more resilient and sustainable communities and a safe and healthy environment. We are working with our partners to make sure they have the support they need to build these communities. It’s through initiatives like the Port Lands Flood Protection project that we will build the Canada of the 21st century and ensure a high quality of life for generations to come.”