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Yesterday we updated the RFP for the sale of the LCBO lands on Queens Quay, part of the province's plan to unlock the financial value of land assets. The sale of these assets is projected to generate $4 billion, which will be put towards the funding of infrastructure works around Ontario as part of the provincial government's Moving Ontario Forward plan. Earlier today, the province announced their intention to proceed with plans for Metrolinx's new 23 kilometre, 26-stop light rail transit line running through Brampton and Mississauga, and have committed $1.6 billion in funding, the full cost of the Hurontario-Main LRT.
As the name suggests, the new transit line would serve Mississauga and Brampton along the Hurontario-Main corridor, running between Port Credit and Brampton GO Stations, and connecting with existing transit routes including GO Transit's Kitchener, Milton and Lakeshore West rail lines, Brampton Züm, and the Mississauga Transitway.
The Hurontario-Main LRT has been in its planning stages for a while now, and the project's Transit Project Assessment Process was completed back in September of last year, paving the way for today's announcement. Construction of the new transit line is expected to commence in 2018, and opening of the LRT is tentatively slated for 2022. Metrolinx is projecting an annual ridership of 35 million by 2013.
The Moving Ontario Forward plan will generate $31.5 billion over the next decade, around $16 billion of which is to be allocated to transit projects in the Greater Toronto and Hamilton Area (GTHA), and approximately $15 billion to be used for roads, bridges and transit in the rest of the province.
Additional information and renderings can be found in our dataBase file for the project linked below. Want to get involved in the discussion? Check out the related Forum thread, or leave a comment using the space provided at the bottom of this page.
