Prime Minister Justin Trudeau announced plans today for the federal government to spend an additional $14.9 billion over the next eight years on public transportation projects across the country.
The funding includes $5.9 billion in short-term funding that will be disbursed on a project-by-project basis, starting this year.
The rest is to go toward the creation of a permanent transit fund of $3 billion per year starting in 2026. Money from that fund will be earmarked following consultations with provinces, territories, municipalities and Indigenous communities.
