The federal government announced today that it will contribute a US$500 million investment for the rehabilitation of the Bloor-Yonge TTC subway station, resulting in US$1.5 billion in combined funding from the three tiers of government will lead.
On Friday Treasury Secretary Chrystia Freeland, Transportation Secretary Caroline Mulroney, Mayor John Tory and several other provincial and federal ministers gathered for a press conference at the TTC’s Davisville Car House to announce the federal investment.
Joint funding from the city, provincial and federal governments will provide up to $1.5 billion for the Bloor-Yonge Station expansion.
Deputy Prime Minister @cafreeland joined Ontario Secretary of Transportation @C_Mulroney, Min. @MinIntergovCA Dominic LeBlanc and @Torontos Mayor John Tory unveiled $1.5 billion in funding to expand Bloor- Yonge Station announced by #TTC. pic.twitter.com/gI49BnQD6R
— TTC Media Relations 📰🚌🚋🚈 (@TTCNewsroom) December 9, 2022
The construction includes a second platform on Line 2 for eastbound operations, an expansion of the Line 1 platforms north and south, and new elevators, escalators, stairs and an accessible entrance and exit on Bloor Street East.
The province is investing US$449.2 million and the city is contributing US$564 million.
“With today’s funding, the City of Toronto will be able to expand and rehabilitate the existing subway station to improve efficiency and capacity and reduce congestion during peak periods,” the press release reads.
“This is the busiest subway station in the city and therefore in the country, it is one of the busiest stations in North America,” Secretary Freeland said. “This investment will really make the lives of many people who live near me and in this wonderful city a whole lot better.”
The city has already passed the 30 percent design threshold for the station’s improvements and expects construction to begin in 2024.