Wynne announces $29 billion transit and transportation plan
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Premier Kathleen Wynne says her Liberal government will spend $29 billion over the next decade on transit and transportation.
Speaking to a noon-hour Toronto crowd of about 500, Wynne said among other things it will dedicate 7.5 cents of the gas tax and the HST on fuel tax — totalling more than $1.3 billion — to build new transit, roads, highways and bridges.
“We need an aggressive and serious investment in transit right here in the GTHA,” she said, referring to the Greater Toronto and Hamilton Area.
Wynne said the plan also includes new so-called dedicated revenue tools, redirecting existing revenue and debt financing.
Wynne was short of specifics, saying details will be revealed in the spring budget.
However, she did say there will be high occupancy lane tolls as laid out in last year’s budget.
She also explained two dedicated transit and transportation funds will be created — one for the GTHA and the other for the rest of the province. Wynne also noted the Green Bond program will be directed to the plan.