Ventures Dialogue

Ontario’s infrastracture will benefit from significant investments, announced by the governments of Canada and Ontario yesterday.  The infrastructure Framework Agreement worth more than $6.2 billion under Building Canada, the Government of Canada’s long-term infrastructure plan, will include badly needed funds for municipalities, as well as for significant infrastructure projects throughout the province.  These projects will help to create a stronger climate for business and investment and reduce traffic congestion, estimated by the Ontario Chamber of Commerce to cost the Ontario economy $2 billion each year.  

One of those projects is the expansion of the Toronto Transit Commission’s (TTC) subway system.  Details are being announced today and a ground-breaking is expected as early as September according to the Toronto Star.

Other projects include a rapid transit line in Waterloo Region, one of Canada’s fastest growing economies according to Statistics Canada, rural broadband network, and the widening of Highway 11/17 (the Trans-Canada Highway) in Northwestern Ontario.  The final list of projects will be negotiated between the province and the federal government.