Waterloo Region's plans for a proposed rapid transit system received a big boost last week.
Prime Minister Stephen visited the region to announce that the Canadian government will provide one-third of eligible costs, up to $26 million, to support the construction costs of the project.
“Supporting the construction of the Kitchener-Waterloo rapid transit lines will stimulate the local economy and make life easier for working families in this growing region,” stated Prime Minister Stephen Harper. “Making long-term investments in communities will keep Canada growing. Improving the efficiency of public transit has a real, long-term and positive economic impact.”
Regional council approved a light rail transit (LRT) system from Waterloo to Cambridge as the long-term preferred system for the region last year.
The proposed system would provide commuters a light rail link between Conestoga Mall in Waterloo and Fairview Park Mall in Kitchener. Rapid buses from Kitchener to Cambridge would link the Tri-Cities.
The provincial government previously committed $300 million for the project. Now with both levels of government on board, the region can move forward with planning of the project’s scope, design details and cost, as well as funding options.
"We are pleased that the federal government recognizes the importance of the region’s rapid transit project, and has made this funding commitment to the initial phase of the project,” stated Regional Chair Ken Seiling. "Now that we know the amount of the federal and provincial funding, we can proceed to determine the best balance between available funding and the long-term, best interests of our community."
Regional staff will consider various options for Phase 1 of the project for consideration and a final decision by regional council.
The federal government funding for the project comes through the Building Canada Fund, as part of the Economic Action plan to stimulate the economy.