Feds announce $758-million to help TTC buy new subway trains [Globe and Mail, The (Toronto, Canada)]
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Source: Globe and Mail, The
Log in or create a free account to listen to this article. Ottawa says it will provide hundreds of millions of dollars to help Toronto buy new subway trains for its aging fleet. A year ago, Ontario and the City of Toronto each committed $758 million so the Toronto Transit Commission could buy 55 new trains for its east-west subway line. That funding was conditional upon the federal government matching those dollars. Toronto Mayor Olivia Chow says the current fleet of trains on Line 2 is nearing the end of its life. Deputy Prime Minister Chrystia Freeland says the federal government and others would like to see the trains built at the Alstom plant in Thunder Bay, Ont. But interim TTC CEO Greg Percy says they will have an open bid competition to procure the new subway trains. Sign up for our new Business Brief newsletter. A daily look at the most important business stories that are making news and moving markets, written by Chris Wilson-Smith Sign up Explore newslette
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