Canada Launches $30B Public Transit Fund to Boost Development

The Canada Public Transit Fund, announced in July 2024, allocates $30 billion over ten years to enhance public transit nationwide, including projects like Vancouver’s Broadway Subway and Toronto’s Finch West rail line. Aimed at expanding and modernizing transit infrastructure, it mandates transit-oriented development to increase housing near transit lines, with funding starting in 2026.

Source:  https://storeys.com/canada-public-transit-fund-announcement/

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