Federal Government Commits $1.2 Billion to TTC Upgrades Under Historic Transit Fund
Toronto, ON – The Toronto Transit Commission (TTC) is set to receive nearly $1.2 billion in federal funding over the next decade under the Baseline stream of the Canada Public Transit Fund. This announcement, made by Deputy Prime Minister and Finance Minister Chrystia Freeland, marks a significant boost for Toronto’s transit infrastructure and a step toward more reliable, affordable, and sustainable transportation options.
The new funding is part of the Canada Public Transit Fund, a landmark initiative providing $3 billion annually for transit projects across the country—the largest public transit investment in Canadian history. Freeland was joined by Ontario’s Finance Minister Peter Bethlenfalvy, Transport Minister Prabmeet Sarkaria, and Toronto Mayor Olivia Chow at the event.
Of the announced funding, $758 million will go toward purchasing 55 new subway cars for the TTC’s Line 2, which runs 26 kilometers and connects Etobicoke to Scarborough. These investments aim to address both the aging fleet and the growing ridership demands on Line 2, ensuring residents can travel quickly, reliably, and affordably across the city.
Better public transit means Torontonians can spend less time commuting and more time with family, staying connected to work, school, and traveling safely.
That’s why we’re investing in new subway cars for the TTC—to make life in Toronto easier, faster, and more affordable. pic.twitter.com/jv94BUAcQs
— Chrystia Freeland (@cafreeland) November 29, 2024
The funding builds on significant investments already made by the federal government in Toronto’s transit infrastructure. Since 2015, over $30 billion has been allocated to public transit projects in Toronto and across Canada.
Mayor Chow highlighted the importance of these investments, noting their role in keeping the city connected and supporting its growing population.
In addition to modernizing transit for commuters, the initiative is expected to create Canadian manufacturing and construction jobs, reduce congestion and pollution, and help make life more affordable for families.
As Toronto continues to expand, federal support for transit infrastructure will remain critical in shaping a sustainable and accessible future for its residents.