
$355 million from City of Toronto
$416 million from Province of Ontario (416? HA!)
$438 million from Federal Government
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$1.2 billion Total Cost
From the article
According to Bombardier, manufacturing the streetcars would create more than 5,000 direct jobs and 10,300 indirect jobs in Ontario.Prototype streetcars will be delivered in 2011 and new cars will be in service by 2012. The cars replace Toronto's aging fleet and will be more energy efficient, larger and more comfortable.The new streetcars are larger and more comfortable - they can carry up to 50 per cent more transit riders than the older streetcars.On May 15, 2009, the McGuinty government announced funding for the Sheppard East Light Rail Transit (LRT) project, which will generate about 9,500 jobs.The McGuinty government also recently announced $8.6 billion in funding for regional transit projects, including the Finch West LRT, Scarborough RT upgrade and extension, Eglinton Crosstown LRT, York Viva BRT, and planning for rapid transit in Hamilton.
Now we just need the newly rejected Federal funding and it's a done deal.
[Infrastructure Minister John Baird] continued to insist that the city's pitch to replace 204 aging streetcars does not qualify for his government's $4-billion federal Infrastructure Stimulus Fund.“It's a fantastic project,” he said of the streetcar initiative. “It's just not eligible for this program. And [that's] not just a technicality.”He said the federal stimulus funds are intended for projects that create local jobs over the next two years. By contrast, jobs for the streetcar project would be mostly in a Bombardier assembly plant in Thunder Bay, not in Toronto.[Baird] offered the city a way it could indirectly tap the stimulus fund: Move up construction projects that can be completed in two years and use the savings to pay the federal share of the $1.2-billion streetcar contract.[T]he deal with Bombardier Inc. of Montreal is set to expire June 27 if all the funding isn't in place.That date is also key because, without a deal on streetcars, the city cannot exercise an option to purchase up to 400 light-rail vehicles for “Transit City,” the mayor's ambitious plan to install new streetcar lines across Toronto's inner suburbs over the next decade.
 
 Lots of interesting green roof coverage for Toronto lately.
Lots of interesting green roof coverage for Toronto lately. 
 
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