New Ontario transit funds will include cash for Hamilton LRT
Dedicated fund would help build projects such as Hamilton's LRT
http://www.cbc.ca/news/canada/hamilton/n...-include-cash-for-hamilton-lrt-1.2609990
Ontario Premier Kathleen Wynne announced Monday that the Liberal government will dedicate $15 billion over the next ten years toward transit and transportation in the Greater Toronto and Hamilton Area, a fund that will help pay for Hamilton's LRT.
According to the plan, proceeds from the dedicated fund being created for the GTHA would help build the next set of priority projects included in Metrolinx's regional transportation plan.
That dedication of funds includes controversial priority projects like the 14km Hamilton LRT line (the B-Line) proposed to run from McMaster University to Eastgate Square running through downtown.
However, the premier did not give any details on the amount of money the province will invest, or how of the project would be funded. However Wynne stated that the plan will be fleshed out in the Spring budget. Hamilton councillors are looking for full capital funding for the $800 million project from Queen's Park.
Wynne, who spoke at the Toronto Region Board of Trade, said that she will dedicate 7.5 cents of the gas tax and the HST on fuel tax -- more than $1.3 billion -- to build transit, roads, highways and bridges in the GTHA.
The premier also promised that this plan could be rolled out without raising taxes on gas or personal income taxes on low- to middle-income earners.
Brian McHattie, city councillor and Hamilton mayor hopeful was pleased with the news.
"I congratulate Primer Wynne for staying on the program. She's always been a big supporter of the LRT, " said McHattie.