Governments of Canada and Ontario support engineering study for Peterborough Commuter Rail Link
PETERBOROUGH, ON, May 22, 2012
PETERBOROUGH, ON, May 22, 2012 /CNW/ - The governments of Canada and
Ontario announced funding today to support a preliminary engineering
study on a commuter rail link between Peterborough and Toronto. Mr.
Dean Del Mastro, Member of Parliament for Peterborough and Mr. Jeff
Leal, Member of the Provincial Parliament for Peterborough, were joined
by Mr. Tony Smith, founding president of the Shining Waters Railway, to
confirm the successful negotiation of the funding agreements.
"I am very pleased to confirm federal funding for this study on
restoring commuter rail to the Peterborough region," said Mr. Del
Mastro. "Rail transit helps to cut commute times and ease traffic
congestion, promotes the efficient movement of people and goods, and
supports jobs and economic growth in our communities. Our government is
proud to support informed decision-making on potential infrastructure
investments such as this one."
"Our government is committed to making our communities more livable and
knows how important transportation is to the communities in
Peterborough and the Kawartha region," said Mr. Leal. "It is essential
to local job creation, economic growth, and reduced congestion."
The study will include preliminary engineering design work and will
determine the upgrades needed to existing railway track to operate a
commuter rail service between Peterborough and Union Station in
Toronto. The federal and provincial governments are each contributing
50 per cent of the cost of the study.
"The Board of the Shining Waters Railway is very excited to accept this
funding for a preliminary engineering study," stated Mr. Smith. "We
appreciate the support of both the Government of Canada and the
Province of Ontario."
This funding agreement follows the federal government's commitment in
Budget 2011 to co-fund the study with Ontario, reaffirming its support
for the Peterborough Commuter Rail Project. The federal contribution
will be provided through the Building Canada Fund - Major
Infrastructure Component, a program under the Building Canada Plan.
BuildingCanada, the Government of Canada's infrastructure plan, has committed an
unprecedented $33 billion in funding to infrastructure projects that
are contributing to a growing economy, a cleaner environment, and more
The Government of Ontario has invested $75 billion in infrastructure
since 2003, which has helped create and preserve an average of nearly
100,000 jobs each year. The Province remains committed to
infrastructure investments that will make Ontario's economy more
productive and improve the quality of life for all Ontarians, now and
in the future.