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« Infrastructure Funds Shaken by Debt Woes | Main | Ont. premier promises $1.1B for infrastructure »

August 25, 2008

Toronto to receive $238M for infrastructure from Ontario

By Allison Hanes, National Post

Toronto is receiving a $238-million cash injection from the province to fund much-needed road repairs and public transit expansion. It is the city's share of $1.1-billion for infrastructure Premier Dalton McGuinty announced yesterday for Ontario municipalities.

The money is the bulk of Ontario's $1.7-billion budget surplus. After devoting the first $600-million to pay down debt the province dispersed the rest to cities, but with a warning that this may be the last windfall in a while.

Full Story...

Posted by boyang at August 25, 2008 6:56 PM