This afternoon, the Premier will be announcing a $17.5 billion rapid transit plan for the GTA. This is NEW money for transit ($11.5billion from the province and $6 billion from the feds). The federal component has not been confirmed as of yet; however, the province is committing their portion regardless. There is no expectation for municipal contribution towards this capital plan. It is hoped that the municipalities will be able to pay for the operating costs.
This plan incorporates 52 transit projects in the GTA (about 1/3 were GO Transit projects). It looks at Official Plans, GTSB's former plan, Growth Plan, Greenbelt legislation, etc. The federal government's FLOW projects are already included but any new projects they are thinking about are not.
The GTTA is charged with finalizing the details and developing an implementation strategy. They are going to sign an MOU with Infrastructure Ontario to this end. The complete build out is 2020 but the province expects around 70% of the build to be completed by 2012.
They are also in discussions with MOE to put a 6 month cap on all EAs for these specific projects (HUGE deal!)
Keep your eyes and ears open