Premier announces $29B for transit, transportation projects

Premier Kathleen Wynne is announcing $29 billion for transit and transportation projects.

The Greater Toronto and Hamilton Area will get just over half of that amount, with $14 billion left over to be shared amongst the rest of the province.

In a speech on Monday, Wynne named the second phase of light rail in Ottawa as one project, among many, that will be considered. Our city is asking for close to $1 billion from both the provincial and federal governments in order to build the next stage.

Wynne said Moving Ontario Forward will be included in the upcoming budget, but the Liberal minority government can't make it a reality on its own.

"We need a partner to put our plan in place. That partner could be the Tories, the NDP or if necessary, the voting public," according to a copy of her speech distributed by her staff.

She explicitly stated that the 10-year plan will not be funded by increases in the gas tax, HST or income taxes on low- to middle-income earners. She does not say whether high-income earners will help shoulder the costs.

Instead, certain portions of the existing HST and gas tax collected would be allocated to the new fund.

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