Rail Information Dwelling
Passenger Rail
12/4/2024
Rail Information: Passenger Rail
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The Ontario authorities final week introduced it should make investments C$758 million to assist the acquisition of 55 new trains for the Toronto Transit Fee’s Line 2 subway.
The devoted funding is a results of the New Deal for Toronto, an settlement reached final 12 months between the town and the province that ensures the town’s long-term monetary safety, Ontario authorities officers stated in a press launch.
The town of Toronto, the province of Ontario, and the federal authorities are every funding one-third of the associated fee to buy the 55 new trains, Ontario authorities officers stated.
The present 30-year-old Line 2 trains are nearing the tip of service life. In November 2023, Ontario dedicated to the C$758 million in funding for brand new trains on the situation the federal authorities match the funding to help with the town of Toronto’s buy.
Additionally final week, Chrystia Freeland, deputy prime minister, introduced C$1.2 billion in provincial assist for Toronto public transit, Ontario authorities officers stated. The funds are devoted to a number of tasks, together with C$330 million to be distributed over three years in working funding for the Eglinton Crosstown light-rail practice and the Finch West mild rail, and C$300 million in one-time funding for subways and transit security, restoration and sustainability.
Contact Progressive Railroading editorial employees.
