Metro Vancouver Recap:
The Liberals plan to invest $2.2 billion in infrastructure funding while ensuring more funds are transferred to municipalities through the Gas Tax Fund. Transit would get an additional $3 billion more per year in stable funding.
In the last four years, we have made real progress when it comes to moving forward with the infrastructure communities across the country need – from community centres that bring people together to more efficient and reliable public transit in our biggest cities. More than 48,000 projects have been approved under the Investing in Canada Plan, the vast majority of which are already underway, creating good, middle class jobs and making our communities better places to live.
In Metro Vancouver, over the last 4 years, the federal government has made significant investments. We’ve invested in better transit with money for the Broadway Line extension, fleet expansions on the Millennium, Expo and Canada Lines, an additional Sea Bus, investments to extend train service in Surrey and the Fraser Valley, as well as funds for station renovations, maintenance and upgrades. We’ve also invested in protecting our waters and health, providing more than $200 million for the Lion’s Gate Wastewater Treatment plant.
Through Budget 2019, we’re investing an additional $2.2 billion to make sure that infrastructure funding gets into the hands of the people willing and able to get projects done–our local and municipal governments. We are also ensuring that unspent infrastructure funds from older, inactive programs are transferred to municipalities through the Gas Tax Fund to support local infrastructure priorities. That means more roads, bridges, and green projects that are creating jobs, getting people home from work faster, and growing the economy.
To make sure that the infrastructure that people and communities need is built, we will also require that all provinces and territories identify and approve all of their long-term infrastructure priorities within the next two years. Funds that aren’t designated for specific projects by the end of 2021 will be reinvested directly in communities through a top-up of the federal Gas Tax Fund. Funds that can be used to add more buses, sky trains, upgrade transit stations, and improve roadways to keep people moving.
To give cities the predictable transit funding they need to plan for the future, we will move forward with making the federal commitment to fund public transit permanent, and will make sure that it keeps up with the rising cost of construction over time. This will mean an additional $3 billion more per year in stable, predictable funding for our cities’ transit needs, on top of transfers through the federal Gas Tax Fund.