New Light Rail Transit Line for Toronto's Waterfront

0:00Prime Minister Mark Carney just dropped big news on a new light rail transit line along Toronto's eastern waterfront. The feds are teaming up with Ontario and the City of Toronto to build the waterfront East LRT from Union Station to the Portlands. It's a $3 billion project with 1 billion each from federal, provincial, and city governments. This replaces buses and serves over 150,000 people living and working there. The line ties into a bigger network of roads, trails, bridges, and street cars across the greater Toronto area. Expect 50,000 daily riders and room for 75,000 new housing units. Carney called a well planned and it comes alongside cuts to development charges on new homes by up to 50% province-wide. Toronto Mayor Olivia Chow hailed it as the key piece to unlock the waterfront, predicting 100,000 jobs and over $13 billion. In economic growth, waterfront Toronto CEO praised the Tri-Government Collab for housing, jobs, and connections.

1:07They've been designing it for two years, and now funding is locked in. Carney also announced more transit wins at the same press conference. Federal cash for GO 2.0 means all-day service to Milton and Kitchener with new stations. They're wrapping up the out-to-high speed rail from Toronto to Quebec City, plus speeding up stalled projects like the Ontario line, Eglinton Crosstown, extension, and others in the Golden Horseshoe. These builds wrap in by Canada and by Ontario rules to keep jobs local. The LRT aims for completion by 2032, setting the stage for transformed neighborhoods in smoother commutes across the region. From your city, powered by AI, this is Toronto News Today. I'm Corey with The Story.