Le Lézard
Classified in: Business
Subject: FINANCING AGREEMENTS

Governments of Canada and Ontario invest in public transit in North Bay


NORTH BAY, ONTARIO--(Marketwired - March 14, 2017) - The governments of Canada and Ontario are making investments to create jobs and grow the middle class, while building a foundation for a strong, sustainable economic future. Investing in public infrastructure supports efficient and affordable transit services that help Canadians to safely get to and from work, school and other activities on time.

Today, Anthony Rota, Member of Parliament for Nipissing-Timiskaming, on behalf of the Honourable Amarjeet Sohi, Minister of Infrastructure and Communities, and his Worship Al McDonald, Mayor of the City of North Bay, announced 12 newly approved projects that will benefit North Bay under the Public Transit Infrastructure Fund (PTIF). The federal government is providing up to 50 per cent of funding for these projects-just over $1.2 million.

The list of planned transit improvements will make it easier and safer for transit riders to get around the City of North Bay. Riders will benefit from upgrades to bus stops and new transit shelters, making for a more comfortable commute. The installation of an electronic fare box system on the transit fleet will provide riders with more payment options when using public transit. Other projects include the installation of onboard security cameras that will increase the safety of passengers, and improvements to the transit vehicle storage facility that will provide an improved space for maintenance work.

In addition to these projects, MP Rota also announced that three public transit projects will benefit two other communities across Ontario.

This investment is part of an agreement between Canada and Ontario for the Public Transit Infrastructure Fund.

Quotes

"The Government of Canada is working closely with the Government of Ontario and municipalities to invest in important transit initiatives that will strengthen communities across Ontario by growing the middle-class, fostering long-term prosperity and getting Canadians to their daily activities on time and home at the end of the day. The projects announced today will ensure that North Bay has affordable and efficient public transit infrastructure that meets the needs of Canadians now and for generations to come."

Anthony Rota, Member of Parliament for Nipissing-Timiskaming, on behalf of the Honourable Amarjeet Sohi, Minister of Infrastructure and Communities

"This partnership with the federal government will help us meet our ongoing commitment to invest in infrastructure and expand transit in our community. We are improving transit facilities and making bus stops more accessible, so that everyone in the community of North Bay can enjoy a safer, more comfortable transit service."

The Honourable Glenn Thibeault, Ontario Minister of Energy and Member of Provincial Parliament for Sudbury, on behalf of the Honourable Steven Del Duca, Ontario Minister of Transportation

"Today's investment through the Public Transit Infrastructure Fund is welcome news for North Bay. We are grateful to the federal and provincial governments for their investment that will allow our City to enhance transit services, fleet and infrastructure. This funding will go a long way to improve rider experience."

His Worship Al McDonald, Mayor of the City of North Bay

Quick Facts

Associated links

Government of Canada's $180-billion+ infrastructure plan: http://www.budget.gc.ca/fes-eea/2016/docs/themes/infrastructure-en.html

Federal infrastructure investments in Ontario: http://www.infrastructure.gc.ca/map-carte/on-eng.html  

The Public Transit Infrastructure Fund: http://www.infrastructure.gc.ca/plan/ptif-fitc-eng.php

Building Ontario - Infrastructure Plan: https://www.ontario.ca/page/building-ontario

Twitter: @INFC_eng

Web: Infrastructure Canada

BACKGROUNDER

Canada and Ontario announce funding for 15 public transit projects across Northern Ontario

A new list of transit projects has been approved under the Canada-Ontario Public Transit Infrastructure Fund (PTIF) agreement, which is designed to address key infrastructure priorities with a focus on repairing and upgrading existing facilities and assets.

The Government of Canada is providing Ontario with over $1.48 billion under PTIF, and will fund up to 50 per cent of the eligible project costs.

As part of the bilateral agreement with Ontario, the following projects in three municipalities have now been approved for federal funding amounting to more than $1.3 million.

Location Project Name Federal
Funding
  Anticipated
Start Date
Kapuskasing Purchase one new accessible bus for service expansion $58,147   January 1, 2017
Kapuskasing Rehabilitation of one transit bus $15,500   January 1, 2017
Machin Purchase one new replacement bus $51,563   January 1, 2017
North Bay Installation of electronic fare box system $375,000   March 31, 2017
North Bay Enhancing hoist system at fleet maintenance garage $60,000   January 1, 2017
North Bay Installation of sidewalks on McKeown Avenue $125,000   May 1, 2017
North Bay Installation of security cameras on all transit fleet vehicles $88,000   January 1, 2018
North Bay Replace an existing parabus and purchase one additional parabus to the fleet $60,000   December 1, 2016
North Bay Various improvements to the Transit Vehicle Storage Facility $125,000   January 1, 2017
North Bay Various improvements to the Transit Vehicle Wash Facility $50,000   March 31, 2017
North Bay Installation of 10 new bus shelters $50,000   March 31, 2017
North Bay Enhancing the accessibility of 30 bus stops $50,000   March 31, 2017
North Bay Installing digital signage at approximately 10 bus stops and transfer locations $75,000   January 1, 2018
North Bay Installing traffic light pre-emption system on all transit fleet vehicles $87,500   June 1, 2017
North Bay Introduction of passenger counters on all transit fleet vehicles $75,000   January 1, 2017

These press releases may also interest you

at 22:10
Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Lincoln National Corporation ("Lincoln National" or "the Company") and certain of its...

at 21:29
TSX VENTURE COMPANIES BULLETIN V2024-1211 ALPHAMIN RESOURCES CORP.  ("AFM")BULLETIN TYPE:  Declaration of DividendBULLETIN DATE:  April 26, 2024TSX Venture Tier 2 Company The Issuer has declared the following dividend: Dividend Amount per Common...

at 21:22
Wall Financial Corporation (the "Company") released its operating results and financial statements for the three months and year  ended January 31, 2024.  The Company recorded net earnings and comprehensive income attributable to shareholders of the...

at 20:40
Rakovina Therapeutics Inc. a biopharmaceutical company committed to advancing new cancer therapies based on novel DNA-damage response technologies announced the financial results for its fourth quarter and fiscal year ending December 31, 2023 and...

at 20:39
Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New...

at 20:15
The partnership was unveiled internally at the Franchisor's annual convention in Las Vegas, NV in December 2023, eliciting...



News published on and distributed by: