BC: $4.1B Federal Infrastructure Deal Unlocks B.C. Transit Funding

Ottawa and Victoria have inked a 10-year deal which will see $4.1 billion in infrastructure funding spent in the province.

The money isn’t new, however. Until Monday, the province and the federal government had been in negotiations over the funding streams that would allow the cash to actually flow to B.C.

The deal unlocks more than $2.6 billion in previously committed transit funding, including the $2.2 billion earmarked for B.C. in the 2017 budget, expected to cover Ottawa’s 40 per cent share of Surrey light rail transit (LRT) and a Broadway subway line.

Read the complete article at https://globalnews.ca/news/4118755/federal-infrastructure-deal-bc-transit-funding/