Toronto, Ontario - Department of Finance Canada
Public transit gets Canadians to where they need to be, creates new Canadian manufacturing and construction jobs, reduces pollution and congestion, makes life more affordable, and keeps Canadians and communities connected as they grow. That is why the federal government is investing in better public transit.
Today in Toronto, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, alongside Gary Anandasangaree, Minister of Crown-Indigenous Relations, and Olivia Chow, Mayor of Toronto, highlighted how the federal government is working with the City of Toronto to accelerate public transit for Torontonians.
In April 2023, the federal government and the City of Toronto announced a joint investment of $700 million to procure 340 battery-electric buses for the Toronto Transit Commission (TTC). Today, the first two of these 340 electric buses joined the TTC's fleet, with all 340 electric buses expected to be in service by the end of 2026.
This investment will help the TTC-as the largest public transit system in Canada-achieve its goal of electrifying its entire fleet by 2040.
Building up Toronto's electric bus fleet is just one part of the federal government's work to improve public transit in Toronto, and across Canada. To connect people across the Greater Toronto Area, the federal government is investing $10.4 billion in four major public transit projects-the Scarborough Subway Extension, the Eglinton Crosstown LRT, the Ontario Line, and the Yonge North Subway Extension. And, in July, the federal government launched the Canada Public Transit Fund-a permanent ongoing program that will invest an average of $3 billion per year to help cities and communities deliver better public transit systems for Canadians.
