Infrastructure – a top priority for our region
Board of Trade members have consistently told us that
a strong infrastructure foundation is a top priority to ensure
Toronto’s economic competitiveness today and as our city continues
to grow and evolve. Over the last 18 months, the Board’s ongoing
advocacy on infrastructure has focused on transit and transportation
— particularly on ensuring that Metrolinx’s bold,
$50-billion regional transportation plan, The Big Move, becomes
a reality.
Why is regional transportation so vital to our future?
Gridlock and congestion impede our mobility and productivity on a
daily basis. The Board’s Scorecard
on Prosperity 2010 showed that Torontonians currently face some
of the longest commute times worldwide. The Organization for Economic
Cooperation and Development (OECD) recently concluded that
Toronto’s lack of transportation infrastructure is the leading
drag on our region’s global competitiveness. Acording to Metrolinx figures, gridlock costs the region $6
billion annually.
What is regional transportation?
The Big Move. Transit City. Move Ontario
2020. Transit in the Toronto region falls under a number of
headings. But for businesses and residents, they all mean the same
thing: Helping the region improve its competitiveness and quality of
life by helping our disparate transit systems overcome decades of
chronic underinvestment and lack of coordination.
• Read Regional
Transportation: A Guide for the Perplexed, and learn more about the
initiatives involved in building the Toronto region of the future
• See the connection between Transit
City and Metrolinx’s The Big Move
Success stories: Getting regional transportation on track
As the leading voice in support of a regional
transportation vision, the Board’s advocacy was instrumental in
the creation of Metrolinx, the Province’s regional transportation
authority for the Greater Toronto-Hamilton Area (GTHA), as well as the
passage of The Big Move, Metrolinx’s Regional
Transportation Plan in 2008.
Based on long-standing policy positions championed by
the Board, the Province reformed Metrolinx’s governance structure
in March 2009, investing the agency with greater legislative powers and
introducing a Board of Directors comprised of private-sector
experts. The Board’s ongoing work then resulted in over $10
billion in funding commitments from the provincial and federal
governments for shovel-ready Metrolinx projects.