Government Issues

Canadian goverment to provide ongoing support for public transit

Posted on June 19, 2015

The Canadian federal government ensured that it will be an equal-funding partner in major transit projects by committing itself to a federal contribution limit of 33% for the Public Transit Fund (PTF). Also announced was a subsequent increase in the contribution limit to the P3 Canada Fund from 25% to 33%.

The one-third model of infrastructure investment, which sees equal cost-share from federal, provincial and municipal governments, has been a framework that the Canadian Urban Transit Association (CUTA) has advocated for publicly and in consultation with government.

The government also announced $2.6 billion in funding for Toronto's SmartTrack Regional Rail Express Line, conditional on the project's application approval.

"The new Public Transit Fund has the potential to create legacy transit infrastructure in Canadian cities. We look forward to continuing to advise and provide information to the government about Canada's growing transit industry as this new fund takes effect," said CUTA’s President/CEO Patrick Leclerc.

As the PTF will be administered by P3 Canada, projects receiving funding will include private sector involvement, through private-sector financing and alternative-funding mechanisms.

The PTF will fund projects with an estimated cost of over $1 billion based on merit. CUTA is hopeful that small- and medium-sized transit projects will now receive increased funding through the New Building Canada Fund as major transit projects will be applying for funding through the PTF.

View comments or post a comment on this story. (0 Comments)

More News

Feds make $900M available in BUILD grants for infrastructure

Selection criteria encompass safety, economic competitiveness, quality of life, and state of good repair.

Chicago becomes largest U.S. city to commit to 100% clean energy

The resolution also calls for complete electrification of Chicago Transit Authority’s bus fleet by 2040.

FTA allocates $1.36B in CIG funding for 16 new, existing projects

The agency has advanced funding for 22 new CIG projects throughout the nation since Jan. 20, 2017.

Greater Dayton RTA chief tapped to lead Bus Coalition

Mark Donaghy was voted into the position on March 17, at an annual membership meeting in Washington, D.C.

Mayor announces plan to create Atlanta's first city DOT

Announcement starts a period of assessing and developing the organizational and reporting structure of the eventual department.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation