Public Transit Technology, Parking Taxes and Levies, Road Tolls and Fuel Tax Recommended in Transportation Study
New Ontario Premier Wynne has already stated that some of these funding tools will have to be adopted
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 01/29/13 -- How to increase investments in our road and public transit networks in the Greater Toronto and Hamilton Area must be urgently addressed.
Within the GTHA, an estimated $50 billion worth of capital for planned projects has been identified by Metrolinx and more funds are required to operate and maintain the improved systems. New sources of revenue are needed.
These findings come from the report entitled, "Financing Roads and Public Transit in the Greater Toronto and Hamilton Area". It was prepared for the Residential and Civil Construction Alliance of Ontario, written by Harry Kitchen, Professor in the Department of Economics at Trent University and Robin Lindsey, Professor in the Sauder School of Business at University of British Columbia.
"The GTHA is Canada's economic powerhouse but this position will slip if traffic congestion is not properly managed through better pricing structures. Unless significant revenues are devoted to infrastructure improvements, it will negatively impact the potential of this region," says Kitchen.
Among Kitchen and Lindsey's recommendations:
"Professors Kitchen and Lindsey have taken an objective look at various funding options. While there is no silver bullet, there are a number of scenarios to raise the funds necessary to properly expand transit throughout the region," said Andy Manahan, Executive Director of the RCCAO.
"What is worthwhile to note," adds Manahan, "Is that new Premier Kathleen Wynne has already stated that in order to expand transportation infrastructure we will have to adopt some of these new funding tools."
The RCCAO is an alliance composed of management and labour groups that represent all facets of the construction industry. Its goal is to work in cooperation with governments and related stakeholders to offer realistic solutions to a variety of challenges facing the construction industry. This is the fourth report that RCCAO has commissioned on public transit in the GTHA since 2006 and is a follow-up to the January 2008 report by Harry Kitchen on "Financing Public Transit and Transportation in the Greater Toronto Area and Hamilton: Future Initiatives".
Contacts:
For more information, a copy of the report and the
Executive Summary and to arrange interviews with
Kitchen, Lindsey or Manahan please contact:
Dena Fehir
905-923-2462
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Unternehmensinformation / Kurzprofil:
Datum: 29.01.2013 - 15:00 Uhr
Sprache: Deutsch
News-ID 224040
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contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Construction
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Die Pressemitteilung mit dem Titel:
"Public Transit Technology, Parking Taxes and Levies, Road Tolls and Fuel Tax Recommended in Transportation Study"
steht unter der journalistisch-redaktionellen Verantwortung von
Residential and Civil Construction Alliance of Ontario (Nachricht senden)
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