Liberal Leader Justin Trudeau elaborated on his $60-billion election campaign pledge to help municipalities build new infrastructure over the next decade, saying Friday that the public transit portion for projects would amount to $20 billion.
The $20 billion would be for new projects that he says municipalities desperately need, and would give local economies a boost, he said in the key Greater Toronto Area riding of Richmond Hill.
“When we invest in public transit, infrastructure like roads and bridges, we are creating well-paying jobs that Canadian families can depend on,” he said.
The funding would represent a quadrupling in federal investment in public transit projects, according to the Liberals. The money would be distributed to the provinces and territories in a manner similar to the federal gas tax transfer, providing flexibility in how its used by municipalities.
“Lack of federal funding will no longer be a roadblock to action,” Trudeau said, adding that with limited revenue sources “there is only so much” municipalities can do to fund cost-intensive public transit projects.
Trudeau said last week that if the Liberals are elected Oct. 19, his government would run deficits of up to $10 billion a year for three years to ensure funding for new infrastructure is available.