Prime Minister Justin Trudeau says that nearly $15 billion will be provided by the federal government for public-transit projects across the nation—although most of the money will not arrive until later in the decade. Trudeau says the $14.9 billion in new public-transit funding promised will be spread over eight years, although most of the money will not begin to flow until 2026.
The government says the new funds will provide predictable funding for cities to plan for their long-term needs while helping Canadians move around more easily and combat climate change. During a teleconference this morning, Trudeau announced the new funding ahead of a virtual meeting with the mayors of Canada’s largest cities.
As the COVID-19 pandemic continues to ravage economies because of the need for lockdowns, many of those mayors and their local governments are struggling to make ends meet.