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The federal, provincial and municipal governments will each spend $1 billion, for a total of $3 billion, on a long-planned, but underfunded Waterfront East Transit line in Toronto.<\/p>\n
Speaking at a news conference alongside Ontario Premier Doug Ford and Canadian Prime Minister Mark Carney Monday, Toronto Mayor Olivia Chow said the city and Waterfront Toronto have been working together to design the line for two years.<\/p>\n
\u201cThis is the critical missing piece needed to unlock the eastern waterfront,\u201d she said. \u201cGenerations of people will live in these communities and ride their waterfront transit line. That is city-building and it is nation-building.\u201d<\/p>\n
The three-way cost project will see new service for Toronto\u2019s eastern waterfront, including the East Bayfront and Port Lands, by 2032<\/a>. <\/p>\n According to Waterfront Toronto and City of Toronto news releases Monday, the line will serve more than 150,000 people and connect riders to broader transportation networks at Union Station. It will create more than 100,000 jobs and generate more than $13.2 billion in economic value for the country, the release adds.<\/p>\n In a year-end interview in December<\/a>, Chow had said securing a deal with higher levels of government for the Waterfront East Transit line was top of mind in 2026. The move also comes after the city opened Biidaasige Park this past summer<\/a>.<\/p>\n