The TTC will top the agenda when Ontario's Premier Dalton McGuinty and Toronto's Mayor Rob Ford meet Tuesday at Queen's Park.

The two leaders have a meeting scheduled for 9:30 a.m. and might last for up an hour. The new Toronto city council also holds its first meeting on Tuesday beginning at 2 p.m.

A spokesman for the premier's office told CTV Toronto that the premier is looking to "build goodwill" with and develop a positive working relationship.

Ford became mayor on Dec. 1. He won the Oct. 25 Toronto municipal election with 47 per cent of the vote and has vowed immediate action on some promises such as repealing the $60 vehicle registration tax.

One of Ford's key planks was a promise to scuttle the Transit City light rail plan championed by former mayor David Miller and instead push for a subway system.

The Ontario government is paying for most of the capital costs of the $8.15-billion Transit City plan.

Work is already underway on portions of Transit City and other contracts are signed for equipment such as light rail vehicles and tunnel borers.

There are fears Toronto taxpayers could be stuck with up to $150 million in cancellation costs if Ford terminates the Transit City contracts.

With files from CTV Toronto's Paul Bliss