Up to $300 million in funding will make
Peterborough rail link a reality: MP
July 24, 2008
Printer friendly version
Establishing a commuter train between Toronto and Peterborough has
just jumped a major hurtle.
Today (Thursday) Lawrence Cannon, the federal minister of transport,
announced the federal government is pumping $6.2 billion into
Ontario to help with outdated and aging infrastructure. The funding
comes under the Building Canada platform, the federal government’s
long-term infrastructure plan.
Local MP Dean Del Mastro says $150 million of that Building Canada
funding is going directly to establishing the rail link between
Peterborough and Toronto. MP Del Mastro says that money will cover
the entire cost of the project, everything from upgrading the rail
to purchasing the rail equipment. The Province is also tossing in up
to $150 million for the rail link. MP Del Mastro says it is more
than enough funding to complete the project.
“It’s very exciting,” he says.
MP Del Mastro says the Peterborough rail link project is one of the
three projects named and itimized in the infrastructure funding
It’s huge for Peterborough. It’s huge for our entire area,” he
“It [the rail link] will be completed.”
The Province is also kicking in major amounts of funding under the
new infrastructure agreement between the feds and the province. Over
the next four years the Province will spend some $30 million in its
Rural Connections Broadband program.
Check Mykawartha.com for further details.