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Confirmation of TTC Funding

TORONTO, ONTARIO—(CCNMatthews - Dec. 21, 2006) - The TTC today announced that it has received Treasury Board approval of Canada’s one-third share of a $1.050 billion funding allocation through the Canada Strategic Infrastructure Fund (CSIF). Other equal funding partners are the Province of Ontario and the City of Toronto.

“Today’s announcement gives the TTC a measure of sustainable funding,” said TTC Chair Adam Giambrone. “It funds work that is important to keeping the TTC in a state of good repair. But it is a funding plan that must be expanded and extended through other funding initiatives from the new government. It is essential that we confirm long term predictable and sustainable funding for the TTC - it means so much to the economy of the city and the life of our residents.”

The funding will go towards the purchase of approximately one-third of the new subway cars scheduled for delivery between 2009 and 2011, the installation of more elevators for easier access to subway stations, extensive subway and surface infrastructure improvements, the life extension of the CLRV streetcars, Bus Rapid Transit routes, and much more. CSIF funding continues until 2012.

The new subway trains will be delivered as 6-car trains, with open car design that enables passengers to move freely along the full train. The design builds on worldwide best practice to deliver improved passenger facilities with electronic information systems, more room and enhanced safety features.




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