The Globe and Mail reports in its Monday edition that outgoing Metrolinx boss Bruce McCuaig says Pearson airport's
ambitious plan to become a transportation megahub is the
kind of project that Ottawa should consider as it seeks to lure
billions in private capital into public transit projects. The Globe's Bill Curry writes that Mr. McCuaig recently
announced he is leaving Metrolinx
after more than six years as president and chief executive officer of the provincial
transportation agency. He is taking on a new advisory role with the federal government as it
launches a $35-billion Canada Infrastructure Bank.
In recent months, Pearson airport officials have been promoting a plan to raise billions for regional transit connections, including
the possibility of a high-speed rail link through Southwestern
Ontario. A report that has not yet been released to the public
estimates that private capital could help fund more than $12-billion worth of new transit, including
a $6-billion high-speed rail line connecting Toronto and
Windsor. One option to fund the projects would be to partially privatize
the airport. The federal Liberals have high
hopes for the infrastructure bank, which may be in place this year.
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