NEWS RELEASE
CITY OF GUELPH
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A new provincial-federal agreement earmarks up to $106 million over 10 years for potential Guelph transit infrastructure projects.
“Improving transit in our city has been a priority for me and for Council,” said Cam Guthrie, Mayor of Guelph. “Knowing that we have this funding commitment enables us to plan with certainty and to implement the right infrastructure for our growing community.”
The bilateral agreement was announced by the governments of Canada and Ontario earlier this week. The allocation for municipalities is based on a formula that sets funding according to transit ridership. The fund provides 73 per cent for project costs, with municipalities and partners providing 27 per cent.
In the coming months, city staff will identify potential projects for city council assessment of priorities and budget requirements. The city then will submit proposals to the federal-provincial program for approval.
“We will incorporate the federal-provincial commitment in our 10-year capital forecast that reviews needs across all services and assets,” said Derrick Thomson, chief administrative officer, City of Guelph. “Our objective is to provide information and options to help council assess and commit to priorities that meet the needs of our city.”
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