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The bill would give local officials new authority to seek tax hikes or federal grants to finance developments and explore the use of self-driving cars.
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The state’s finance committee chair says the bill would generate $792 million, while also reducing the state’s administrative fee from 10% to 1%, which would create another $397 million, bringing the total of the bill to $1.2 billion in funding.
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Bruce McCuaig's accomplishments include completing tunneling work for the $5.3-billionEglinton Crosstown LRT, implementing Presto on the TTC, launching the Union Pearson Express, and expanding the Georgetown rail corridor to vastly increase GO Transit service.
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The order from Prasarana Malaysia Berhad is valued at approximately $388 million, with Bombardier's share valued at approximately $266 million.
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Even though cities spanning the proposed 14-mile Southwest Corridor light rail line have signed off, the legislators opposing the project say there are too many legal and financial uncertainties, as well as ridership questions for it to move forward.
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The proposal heard in the Senate Transportation Committee would give local officials new authority to seek tax hikes or federal grants to finance an expanded portfolio of major transportation developments.
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The agency's infrastructure modernization will replace 27-year-old systems with Siemens’ new state-of-the-art electrification technology that includes advanced monitoring and diagnostic features to streamline maintenance activities.
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The city is still waiting on a funding announcement from the federal government, but Ottawa’s mayor said he has been assured it will be announced before the end of May.
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The FTA told GoTriangle in a recent email that the two counties involved must be committed to paying at least 30% of the project’s local cost, or $371.1 million, before the project can be approved for engineering work.
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The university's Sustainable City Year Program will engage hundreds of students in transit and transportation development plans.
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