Toronto Cuts Infrastructure Backlog by $8 Billion in 2025 Asset Management Plan

TORONTO – The City of Toronto has released its 2025 Corporate Asset Management Plan (AMP), reporting major progress in reducing the city’s infrastructure repair backlog by $8 billion, thanks to strategic capital investments and a new funding framework.

Unveiled by Mayor Olivia Chow, CFO Stephen Conforti, and Manager Filisha Jenkins, the updated AMP provides a comprehensive look at the state of Toronto’s vast infrastructure network, valued at $215 billion. The plan shows that approximately 80% of the city’s assets—from transit and roads to housing and libraries—are in fair to very good condition.

“Our plan is working. We have taken action to fix more things faster,” said Mayor Olivia Chow. “Toronto will continue to build, maintain and repair the infrastructure needed for our growing, world-class city.”

🔧 A Data-Driven Roadmap to Renewal

The AMP identifies the City’s updated state-of-good-repair (SOGR) infrastructure gap at $18 billion, down from $26 billion in 2024. This gap represents the difference between what is needed to keep infrastructure operating at target levels of service and what is currently budgeted.

Key pressure points include:

• Transit: $11B

• Toronto Community Housing: $4B

• Roads: $2B

• City Facilities: $1B

💰 What’s Fueling the Progress?

The City’s 2025–2034 Capital Plan allocates a historic $59.6 billion, including $32.4 billion (54%) toward repair and maintenance. Other key moves include:

• Upload of the Gardiner Expressway and Don Valley Parkway to the Province, freeing $1.9 billion

• Extension of the City Building Fund levy through 2035

• Joint funding with the Province and Ottawa for new Line 2 subway cars, totaling $758 million from each government

• Development of a capital prioritization framework for smarter infrastructure investments

The AMP is part of Toronto’s compliance with Ontario Regulation 588/17 and will be reviewed by the Executive Committee on May 13 before going to City Council later this month.

Residents can access the full plan here: toronto.ca/city-asset-management

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