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Budget 2008: Our politicians have 34 days to act on the $500 million Public Transit Infrastructure fund

By shost at 12:43 am on Wednesday, February 27, 2008

“Budget 2008 sets aside up to $500 million in 2007–08 to be paid into a third-party trust, allocated on a provincial-territorial per capita basis, for public transit infrastructure. Funding will be paid into the trust, once legislation has been passed, for only those beneficiaries that have made public commitments before March 31, 2008 to undertake investments in public transit. The beneficiaries of the trust will have the flexibility to draw down the funding as they require over the next two years. They are encouraged to report publicly on the expenditures financed and outcomes achieved.

The trust will be used for specific projects of capital infrastructure such as rapid transit, rail, transit buses, and high occupancy vehicle and bicycle lanes.”

Immediate application ideas:

* Guelph’s Intermodal Transit hub.. freeing up money for  Guelph Transit 20 minute service (Thanks David for the tip)

* North Municipal Mainline Alliance passenger rail improvements (GO Trains, anyone?)

* GO Transit improvements to Waterloo Region (GO Bus in the least!)

Time to send off those applications..

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