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July 24, 2009
Canada and Ontario Support Revitalization of Union Station
  
A joint federal-provincial news release following this morning's news conference is available at
http://www.marketwire.com/press-release/Government-Of-Canada-1021676.html and pasted below for your information.

TORONTO, ONTARIO--(Marketwire - July 24, 2009) - The Governments of Canada and Ontario are investing $305 million in the revitalization of Union Station in Toronto.

"Our Government, under the leadership of Prime Minister Stephen Harper, is fast-tracking funding to get shovels in the ground and jobs created at Union Station," said the Honourable Jim Flaherty, Minister of Finance. "As part of Canada's Economic Action Plan, we are taking action to stimulate Toronto's economy and speed up the revitalization of this major Toronto landmark."

"The economic and cultural value of Union Station cannot be understated - it is one of the most important buildings in Ontario," said George Smitherman, Ontario's Deputy Premier and Minister of Energy and Infrastructure. "This historic landmark is the central access point for Ontario's public travelling by rail and, in the future, it will link to the Pearson airport. Whether travelling for business or pleasure, residents and visitors will reap the benefits of this much needed revitalization for many years to come."

"As the owner and steward of this magnificent and historic building, the City of Toronto is pleased that we will be able to undertake the revitalization of Union Station and make it a facility truly befitting its status as Canada's busiest transit hub," said Toronto Mayor David Miller. "I want to thank our Federal, Provincial and private sector partners for helping make this important work possible."

Union Station is Canada's busiest passenger facility and an essential transportation hub for Toronto. It handles 65 million passengers annually, servicing the Toronto Transit Commission, GO Transit and VIA Rail. The number of passengers is set to increase significantly in the future.

The Government of Canada is setting aside one-third of total eligible project costs, up to $133 million, to support the revitalization of the train station to help improve passenger flow and capacity, protect the heritage aspects of the station and maintain it in a state of good repair.

The Province of Ontario is contributing $172 million to support the revitalization of Union Station, including $92 million to purchase and significantly rebuild the key station GO concourse at Bay Street and link it to a new GO concourse at York Street, increasing the concourse space three-fold to improve pedestrian flow as well as accessibility. The funding also includes $33 million towards construction of a PATH connection under York Street to join the northwest corner of Union Station to Wellington Street with connections to existing buildings along the route and $ 47 million for other renewal projects, including $20 million for heritage restoration of the main building itself.

The City of Toronto will be responsible for securing the balance of the $640 million total estimated cost of the project.

Metrolinx, the regional transportation authority, has identified Union Station and its expansion as one of the key priorities in its Regional Transportation Plan for the Greater Toronto and Hamilton Area.

LEARN MORE

To learn more about Canada's Economic Action Plan, visit http://www.actionplan.gc.ca.

Learn how the Government of Canada is investing in Ontario infrastructure (http://www.buildingcanada-chantierscanada.gc.ca/regions/on/on-eng.html).

Learn how the Government of Ontario is helping to build and revitalize infrastructure (http://www.mei.gov.on.ca/en/infrastructure/) across the province.


BACKGROUNDER

REVITALIZING UNION STATION IN TORONTO

Infrastructure investment stimulates economic growth, creates jobs, supports stronger communities and enhances the overall prosperity of Ontarians.

The revitalization of Union Station in downtown Toronto is a federal and provincial priority investment.

Union Station is Canada's busiest rail passenger facility, handling as many as 65 million passengers annually, and this is expected to grow substantially in future, along with expanded commuter rail and other services.

The revitalization of Union Station will integrate upgrades to help improve the delivery of national and regional rail passenger services, including:

- Enhanced pedestrian concourses to improve traffic flow;

- Increase capacity for retail services;

- Renovations to the west wing; and

- Restoration of certain heritage aspects of the building.

The Government of Canada is setting aside one-third of total eligible project costs, up to a maximum of $133 million, toward the revitalization of Union Station.

The Government of Ontario is contributing $172 million to the revitalization, including:

- $92 million to purchase and significantly rebuild the current GO Transit concourse at Bay Street and link it to a new GO concourse to be constructed at York Street. This will triple the concourse space from 39,000 square feet to 122,000 square feet, vastly improving pedestrian flow as well as accessibility.

- $33 million towards the construction of a PATH connection under York Street to join the northwest corner of Union Station to Wellington Street improving the link to downtown Toronto with connections to existing buildings along the route.

- $47 million to purchase and restore the upper three levels of the west wing, and prepare the space for the relocation of Metrolinx's head office. This also includes $20 million for heritage restoration of the main building itself.

The total estimated cost for the revitalization of Union Station is approximately $640 million.

Metrolinx, the regional transportation authority, has identified Union Station and its expansion as one of the key priorities in its Regional Transportation Plan for the Greater Toronto and Hamilton Area.

This revitalization of Union Station comes on top of significant commitments investments made in 2009 to transit in the region that have already been made by Canada and Ontario. See chart below.

Federal-Provincial Transit Commitments

Go Transit Improvements
Federal Contribution: $250 million
Provincial Contribution: $250 million
Total Project cost: $500 million

Toronto - York Spadina Subway Extension
Federal Contribution: $697 million
Provincial Contribution: $870 million
Total Project cost: $2.63 billion

Sheppard East Light Rail Transit Line
Federal Contribution: $317 million
Provincial Contribution: $633 million
Total Project cost: $950 million

In addition, the Government of Ontario recently announced $416 million for new street cars in Toronto, as part of a $1.3 billion plan to improve public transit by overhauling to city's fleet.

Federal financial support for revitalization of Union Station is conditional on the project meeting all applicable eligibility and approval requirements under the Government of Canada's infrastructure plan and on the signing of a contribution agreement with the City of Toronto.

For more information, please contact

Office of the Honourable Jim Flaherty
Chisholm Pothier
613-996-7861

or

Office of Canada's Transport and Infrastructure Minister
Chris Day
613-991-0700

or

Ministry of Energy & Infrastructure
Amy Tang
416-327-6747


 

 

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