Today, the Honourable Amarjeet Sohi, Minister of Infrastructure and Communities, and the Honourable Bob Chiarelli, Ontario Minister of Infrastructure, announced the signing of a bilateral agreement that will provide more than $11.8 billion through the Investing in Canada plan over the next decade in federal funding dedicated to infrastructure projects.
The projects supported through this agreement will have a total value of over $31 billion, including $10 billion committed by the Ontario government. These projects will be cost-shared with the Ontario government, municipalities and other partners.
The funding announced today builds on Ontario’s $190 billion commitment to infrastructure over 13 years. The province’s investments are already supporting priority projects across the province such as schools, hospitals, public transit, roads and bridges.
These investments will have benefits for people in communities across the province, including:
- Faster commute and travel time for more people, and easier movement of goods for businesses
- Cleaner air and water
- Reduced greenhouse gas emissions
- Smarter and more efficient cities
- Sustainable water management
- Enhanced public parks, recreational facilities and other spaces that make communities great places to live
- Better transportation and digital infrastructure for people living in remote communities
- Increased energy security and reduced reliance on diesel in the North