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Federal, Provincial, and Toronto Governments Fund $3B Waterfront East LRT
Each government will contribute $1 billion to build the Waterfront East LRT, supporting 75,000 homes and creating over 100,000 jobs, with service planned by 2032.
- On Monday, Canadian Prime Minister Mark Carney, Ontario Premier Doug Ford, and Toronto Mayor Olivia Chow announced a $3 billion funding agreement for the Waterfront East Light-Rail Transit line, with each government contributing $1 billion.
- The city and Waterfront Toronto spent two years designing the line after spending $36 million in development costs as of 2023, positioning the project to finally advance toward construction.
- Waterfront East Transit is expected to create more than 100,000 jobs and generate more than $13.2 billion in economic value, serving more than 150,000 people along the eastern waterfront.
- By extending transit to the Port Lands and the new island Ookwemin Minising, the line will support approximately 75,000 homes and connect riders to Union Station, unlocking new neighbourhoods.
- Accommodating over 50,000 daily riders, the project will deliver new service to the East Bayfront and Port Lands by 2032, with all three governments committing to a cost-shared infrastructure fund over 10 years.
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Toronto, Ontario and Ottawa have entered into an agreement to fund the transit project that will link downtown to the Port Lands area.
·Montreal, Canada
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More than Transit: Governments Commit to Advance Transit to Unlock Housing, Jobs and a Connected Eastern
TORONTO, March 30, 2026 /CNW/ - The Government of Canada and the Province of Ontario today announced their commitment to a cost-sharing agreement alongside the City of Toronto to advance Waterfront East Transit — a landmark commitment to unlock housing, connect communities, and drive economic growth along Toronto's eastern waterfront. More than a transit project, Waterfront East Transit is a critical piece of infrastructure needed to help revit…
·New York, United States
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Total News Sources9
Leaning Left4Leaning Right0Center2Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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