Ottawa and Victoria have inked a 10-year deal which will see $4.1 billion in infrastructure funding spent in the province.
The deal unlocks more than $2.6 billion in previously committed transit funding, including the $2.2 billion earmarked for B.C. in the 2017 budget, expected to cover Ottawa’s 40 per cent share of Surrey light rail transit (LRT) and a Broadway subway line.
Those projects form the core of the Mayors’ Council’s 10-year transit plan. The provincial government has also promised to pay for 40 per cent of the cost, and earlier this month, the region’s mayors announced a plan to pay for their 20 per cent share.