The Federal Reserve has announced $758 million for the construction of new Line

At a news conference in Toronto, Freeland stated, "We know how important the TTC is, we know that over two million people depend on this important subway every day, and we know that Toronto is growing, and we need to have public transit that grows with our growing city." The $1.2 billion set aside for the TTC over the next ten years through the Canada Public Transit Fund includes the funding announced Friday, Freeland said. Not a valid attachment ID.

Although the new trains will be constructed in Thunder Bay, according to her, the Request For Proposal (RFP) to introduce them to the market has not yet been made public, according to interim TTC CEO Greg Percy. Among the monies released Friday, at least $300 million will support the functioning of the Finch West and Eglinton Crosstown LRTs, which are not yet accessible to the general public. Along with Ontario Finance Minister Peter Bethlenfalvy and Transportation Minister Prabmeet Sarkaria, Toronto Mayor Olivia Chow attended Friday's announcement and referred to the funding as a "generational, once-in-a-lifetime" investment, pointing out that Line 2 transports three times as many people as the Gardiner Expressway does on a daily basis. Many passengers have been remarking, "You know, the [Line 2] subway vehicles are old and not always the most dependable. It's [a] slow down sometimes. Regarding the elderly trains, Chow stated that occasionally, "all the signals may not be working perfectly." "This landmark transit investment will supply the necessary subway vehicles on In a supplemental statement, she stated, "Line 2: relocating people in an affordable manner today while preparing for future economic and population growth." Although the exact arrival date of the new trains is unknown, TTC employees has stated that it is likely that they won't be delivered until 2030. 
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In a statement, the transit advocacy group TTCriders expressed its excitement about the funds and applauded the announcement. "Commuters hope federal funding will help address subway'slow zones.'" Although subways should be quick, the TTC is behind schedule with repairs and new equipment orders, hence the subway system has dozens of Reduced Speed Zones. The TTC might allocate a portion of the Canada Public Transit Fund to preventative measures if it were made flexible and available for transit operating budgets
"maintenance and get Toronto moving faster," Nigel Morton, a TTCriders spokeswoman, stated. In the long run, it is less expensive to order new subway trains today. Alternatively, the TTC might have spent an additional $1.6 billion to renovate the trains for a mere five or six more years of service.


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