TORONTO, Ont. — Ontario’s final bill for improvements to Toronto’s major transportation and subway system over the past five years will be $879 million, Transportation Minister Brad Clark has announced.
That means the province will make a final contribution of $50 million to reimburse the city for additional costs it identified, as the books close on the 1996 long-term deal to rehabilitate Toronto’s transportation system, improve safety and sustain the subway network.
“The Ontario government is settling our account with the city for improvements to Toronto’s transportation and transit system,” explains Clark.
“Our focus for the future is to support continued economic growth and job creation in all Ontario communities, including Toronto, by investing in modern infrastructure.”