Investing in our Region Investing in our Future

Transcription

1 Investing in our Region Investing in our Future 1

2 The Challenge GTHA is facing consequences of its success 2

3 The Solution We have a plan Adopted in 2008 after a comprehensive public process The $34 billion worth of next wave projects needs funding that is dedicated to transit and transportation. $16 billion worth of projects already underway- the largest transformation in a generation We re working to build trust and confidence that results will be achieved 3

4 Current Projects Underway ($16B) York Region vivanext Bus Rapidways Mississauga Bus Rapid Transit Union Pearson Express Union Station Revitalization Toronto York Spadina Subway Extension The Georgetown South Project Toronto Light Rail Transit including Eglinton Crosstown 4

5 Next Wave Projects Click to edit Master title styl 5

6 The Basis for the GTHA Solution Global scan of best practices Extensive technical analysis Based upon four key principles: 1. Dedication of revenue 2. Fairness 3. Equity across the region 4. Accountability and transparency 6

7 The Investment Strategy Integrating transportation, growth and land use planning Maximizing the value of public infrastructure investments Optimizing the transit and transportation system by improving efficiency Putting in place dedicated investment tools including role for the Federal Government 7 7

8 Building Trust and Accountability Dedicated funding to specific projects Creating a GTHA Transportation Trust Fund Enhancing public engagement and reporting 10-year review and 20-year reauthorization Municipal nominations to the Metrolinx Board 8

9 Allocation of Funds Regional Highways High Occupancy Toll (HOT) and High Occupancy Vehicle (HOV) Lanes 5% 5% Other Transportation Initiatives Walking and Cycling Infrastructure, Customer Service, Fare Integration, Intelligent Transportation Systems, Mobility Hubs, Urban Freight 15% Municipal Support Local Roads and Local Transit 75% Regional Transit Next wave of priority projects 9

10 Recommended Investment Tools 10

11 Fairness Everyone benefits from The Big Move; therefore, 64% of funds would come from the proposed HST increase Everyone using roads and highways benefits, so 15% of funds would come from fuel and gasoline tax Every business benefits, so 15% of funds would come from business parking levy Every land development benefits, so 5% of funds would come from development charges 11

12 Impact on the Economy 12 Productivity: according to the Conference Board of Canada, good public infrastructure will bolster productivity and add to the Province s long-term potential Jobs and Economic Growth: building our future system generates: $ B in GDP growth in Ontario 800, ,000 person-years of construction and longterm jobs $25-30B in government revenue Major Global Gateway: investment in GTHA s future as one of Canada s business, trade and immigration gateways

13 Impact on Families Average Household Senior (limited driving and takes transit) Student (does not own a car and uses transit) Cost of congestion to the average household Cost of Car Ownership $477/year or $1.31/day $140/year or $0.38/day $117/year or $0.32/day $1,619/year or $4.43/day $8,000/year or $21.92/day 13

14 Achieving Equity Across the Region The Big Move builds a regional system to support an integrated regional economy; we all benefit from an effective system At same time, need to provide equity across the region: o About 41% of funds generated in the 416 area, and 42% of investments made in the 416 area o About 59% of funds generated in the 905 area, and 58% of investments made in the 905 area Does not include development charges or the Partnership Initiative 14

15 The Benefits 15

16 It s Time to Invest in Our Future GTHA is one of world s greatest urban regions Our transportation system has been holding us back Big Move proposes over 400 km of new and expanded transit, improvements to roads and highways as well as active transportation Investment in our future, economy and quality of life. 16