Ontario says it will match federal infrastructure funding dollar for dollar now that Ottawa has committed $7 billion on building projects.
Federal Transport Minister John Baird said Monday the money, which will be announced in Tuesday's federal budget, will be given to projects that will be completed within the next two years.
There are several projects around the Greater Toronto Area that will be affected by the funding boost, including:
- The Light Rail Transit line on Sheppard, Finch and Eglinton
- Bridge improvements
- Rebuilding aging sewer systems
Colleges and universities will also benefit. Part of the $7 billion will go towards funding new facilities and fixing old buildings.
The money is expected to create thousands of jobs as well as improve the quality of life in several municipalities across Canada.
However, Ontario Finance Minister Dwight Duncan cautioned that helping fund these projects might put the province into a deep deficit worth billions.
