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.
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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.
Source CTV