October 17, 2002
NEWMARKET Ė York Regional Council today approved a $50 million contribution in funding for the York Rapid Transit Planís (YRTP) Quick Start capital program.
The Regionís financial contribution is contingent on the commitment of matching funds from each of the Provincial and Federal Governments. Should all three levels of government come on board, this first-phase program will launch the development of the YRTP by funding priority projects over the next three years, including road improvements, transit stops, the purchase of rapid transit vehicles and the installation of a high tech fare system.
"Our Councilís decision marks a bold move forward toward making the York Rapid Transit Plan a reality," said Bill Fisch, Regional Chair and CEO. "The Quick Start program addresses immediate transit priorities and lays the groundwork for future rapid transit development."
This funding is part of a plan to address pressing rapid transit needs in York Region. The Regionís financial contribution to Quick Start will be allocated over three years, including $17.3 million for 2003, $22.3 million for 2004 and $10.4 million for 2005. Applications are being submitted to the Provinceís SuperBuild Fund and to the Federal Strategic Infrastructure Fund.
"As York Regionís private partner, York Consortium 2002 is very excited to begin the work of implementing the York Rapid Transit Plan," said Frank Wilson, President of AECOM Enterprises Ė one of 10 private companies that form the consortium. "Engaging in this Quick Start process will allow us to fast track the delivery of the rapid transit project."
The YRTP will develop a state-of-the-art rapid transit network across four York Region corridors with connections to the City of Toronto and the Regions of Peel and Durham in an effort to alleviate road congestion throughout Greater Toronto. The Plan is also critically important to the continued economic growth and vitality of the Region and the GTA, as well as to the protection of ecologically sensitive areas and the environment of the Region.
Costs for full implementation of the YRTP range between $2.4 billion and $4.2 billion over the next 30 years, depending on a number of factors such as the type of technology selected.
For additional information on the York Rapid Transit Plan, please visit the YRTP Web site at www.region.york.on.ca/yrtp
For more information on the Regional Municipality of York, the services we offer and links to our nine area municipalities, please visit our Web site at: www.region.york.on.ca
Contact: Michael Kemp, Corporate Communications Services, York Region
Contact: Patrick Casey, Senior Media Relations Specialist, York Region