TORONTO - The governing Liberals are promising to spend $29 billion over the next decade for transit and transportation infrastructure in Ontario.
Premier Kathleen Wynne says up to $15 billion of the money will be available for the Greater Toronto and Hamilton Area.
She says the rest will be available to the rest of the province.
Wynne says they'll fund it by raising new money, re-directing existing revenues and debt financing, including green bonds.
She wouldn't say how they'll raise new revenue, saying the details will be in the upcoming budget.
Wynne says she'll re-direct the existing HST collected on gas taxes to the project, about $130 million.
Ontario to spend $29B over 10 years on transportation: Kathleen Wynne | CP24.com
Warren KinsellaVerified account @kinsellawarren
Where does $29 billion come from? I'm sort of curious about that part
Premier Kathleen Wynne says up to $15 billion of the money will be available for the Greater Toronto and Hamilton Area.
She says the rest will be available to the rest of the province.
Wynne says they'll fund it by raising new money, re-directing existing revenues and debt financing, including green bonds.
She wouldn't say how they'll raise new revenue, saying the details will be in the upcoming budget.
Wynne says she'll re-direct the existing HST collected on gas taxes to the project, about $130 million.
Ontario to spend $29B over 10 years on transportation: Kathleen Wynne | CP24.com
Warren KinsellaVerified account @kinsellawarren Where does $29 billion come from? I'm sort of curious about that part
