Peterborough Transit receives $56M boost in government funding
Peterborough and area transit services will receive nearly $56 million in government funding over the next decade.
It’s part of a new $22-billion federal-provincial cost-sharing agreement for infrastructure projects announced on Friday. The agreement aims to “create economic growth, build inclusive communities and support a low carbon green economy,” according to a release from the federal government.
The City of Peterborough will receive more than $31.1 million from Ottawa along with $25.7 million from the province.
Peterborough County is earmarked for nearly $24,000 from the federal government and $19,775 from Ontario.
Peterborough-Kawartha MP Maryam Monsef says transit matters to Peterborough residents and that the partnership will improve the economic and environmental sustainability for residents.
Monsef noted at a recent Rural Women’s Summit in Buckhorn, about 30 kilometres north of Peterborough, transportation was the “number one barrier and opportunity for social and economic growth” for rural communities.
“Knowing that the City and County of Peterborough will receive over $31 million in federal public transit funding will enable us to prioritize key transportation projects to grow our economy while protecting the environment,” said Monsef.
Peterborough MPP Jeff Leal says the funding will help support thriving communities and ensure a high quality of life.
“I am pleased that through our investment of over $25 million in provincial funding, our community can prioritize investments in transit infrastructure to keep our community moving, protect the environment and boost our local economy,” he stated.
“As a former city councillor in Peterborough, I have always believed that investments in transit build a complete community.”
Other nearby municipalities include:
- The City of Kawartha Lakes ($946,802 federal; $781,112 provincial)
- Cobourg ($1,007,021 federal; $830,793 provincial)
- Port Hope ($567,123 federal; $467,877 provincial)
- Trent Hills ($36,349 federal; $29,988 provincial).
“Efficient and sustainable public transit is key to the success of our communities, and plays a pivotal role in our environmental stewardship,” said Northumberland-Peterborough South MP Kim Rudd.
Added Northumberland-Quinte West MPP Lou Rinaldi: “This is about making sure our communities have access to the best public services they can, and I’ve made it a priority since day one to always get the most money I can for public services.”
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