A press conference will take place at 2:30 in Vaughan where, according to the Globe and Mail, “Premier Dalton McGuinty will today announce billions in funding for Toronto Mayor David Miller’s light-rail transit vision.” The plan for the Greater Toronto and Hamilton regions will be in the $9-billion range.
Spacing will be at the press conference and will be able to give more details later in the day. Here are details from the Globe and Mail article:
The Eglinton rapid transit line will be the most expensive among the projects, costing about $4.6-billion. The City of Toronto and Metrolinx will determine final costs, the government said.
It will also include funding for the Toronto Transit Commission’s plans to update and extend the Scarborough Rapid Transit line, and build a new rapid transit line along Finch Avenue from the Yonge subway line west to Highway 27 and east to Don Mills station.
A proposed rapid transit system for Hamilton will be the second most expensive project at an estimated $3-billion. The study initiated by the province will examine potential rapid transit systems on two corridors in Hamilton. The study should be completed in the spring of 2010.
The York Viva system and Scarborough rapid transit system will each cost an estimated $1.4-billion. The Finch light rail system will come in at an estimated $1.2-billion.
Construction on the York Viva bus system will begin this year and all segments should be up and running by the end of 2013. The extension of the Scarborough Rapid Transit Line should be in service by 2015, the government says.