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8.8B Funding for Toronto's Waterfront LRT

Published 3 days, 10 hours ago
Description

Torontos Waterfront East LRT Line Gets Green Light: $8.8B Funding Unlocked for Housing & Infrastructure Projects

The city of Toronto, along with Ontario and federal governments, has secured $8.8 billion in funding for housing and infrastructure projects over the next decade. This deal, known as the Canada-Ontario Partnership, will slash development charges, offer HST rebates, and fund key transit lines, including the long-awaited Waterfront East LRT route. Spanning 3.8 kilometers, this light rail transit line will connect Union Station to the ferry docks and east along the waterfront, serving the booming Port Lands area. The project, approved in 2018, was unfunded until this three-way cost-sharing agreement made it official. The line will ease congestion, link jobs, homes, and transit, and set Toronto up for future growth.

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