The Government of Canada will invest more than $180 billion over 12 years in public transit projects, green infrastructure, social infrastructure, trade and transportation routes, and Canada’s rural and northern communities.
Approximately $28.7 billion of this funding will support public transit projects, including $5 billion that will be available for investment through the Canada Infrastructure Bank.
This investment plan lines up with Canada’s recent recognition that investing in public transit infrastructure is crucial to economic growth, reducing air pollution, and creating inclusive communities where everyone has access to public services and job opportunities.
The Government of Canada wants to support improved public transit service in Laval, Quebec, as well. Over the next 10 years, the Government of Quebec plans to invest more than $91.1 billion from the province’s infrastructure plan in health, education and transportation, in order to improve families’ quality of life and create conditions that support innovation and economic growth.
Together, an investment of more than $42.6 million for 26 projects by the Société de transport de Laval (STL) under the Public Transit Infrastructure Fund will be made by Canada and Quebec. The Government of Canada will provide nearly $23.7 million for these projects and the Government of Quebec will contribute more than $18.9 million. The Autorité régionale de transport métropolitain will provide the remaining funding.
Once completed, this work will improve the performance, efficiency and reliability of Laval’s transit system, make it more inclusive, and meet the community’s immediate needs while preparing for anticipated future increases in ridership.
The full press release can be found here.
