The City of London is hoping the province will give the green light on a $388-million request.
On Monday afternoon, Mayor Matt Brown will address the Standing Committee on Finance and Economic Affairs at a meeting in Hamilton to request the funds be issued over a 10 year period beginning in 2017 to help get the city’s rapid transit plan “Shift” in motion.
City staff have detailed four options ranging in price from $260-million to $1.2-billion, with London pledging to spend $125-million with hopes that the provincial and federal governments will fund the rest.
The Standing Committee on Finance and Economic Affairs is holding in-person sessions, telephone town halls, and online idea-sharing as part of 2016 budget preparations. The 2015 pre-budget consultations saw the government hear from more than 300,000 Ontarians.
A release from the city notes that the $388-million requested makes up roughly 2.5 per cent of the funds available through Moving Ontario Forward, which will see Ontario invest $15-billion for transit and infrastructure projects outside of the Greater Toronto Hamilton Area.