Budget 2008 set aside an additional $500 million to support capital investments through the Public Transit Capital Trust. Project announcements between February 26, 2008 and March 31, 2008 can be found in the
Transport Canada Media Room.
As specified in Budget 2006, a one-time payment to provinces and territories was made available through the $900 million Public Transit Capital Trust in support of capital investments in public transit and infrastructure both as a means to reduce traffic congestion and to reduce carbon dioxide and other emissions.
Through the Public Transit Fund (PTF), the Government of Canada has provided $400 million in fiscal year 2005-2006 to support investments in public transit infrastructure in cities and communities.
Modelled on the federal Gas Tax Fund, the PTF was allocated to provinces and territories on a per capita basis.
Transit is a key priority under the
Building Canada plan.
Visit the Transport Canada Web site for more information about
Public Transit.
