Toronto's busiest transit station, Bloor-Yonge, will receive up to $1.5B in upgrades designed to increase capacity in a rapidly-growing city.

Deputy Prime Minister and Minister of Finance Chrystia Freeland was joined by Minister of Intergovernmental Affairs Dominic LeBlanc, Ontario's Minister of Transportation Caroline Mulroney, and Toronto Mayor John Tory this morning for the big announcement.

The Government of Canada is investing up to $500M in this project through the Public Transit Infrastructure Stream of the Investing in Canada Infrastructure Program (ICIP). This represents the Government of Canada's formal commitment to the funding first announced in August 2019. The Government of Ontario is providing up to $449.2M, and the City of Toronto is contributing more than $564M.

"Bloor-Yonge station is home to one of the busiest lines in North America, and it is an important part of the routines of people from across the Greater Toronto and Hamilton Area -- including my own family," said Freeland. "Today's announcement is great news for Toronto, and it is critical to ensuring we have reliable public transit for the riders who use it every day."

bloor-yonge subwayBloor And Yonge Subway Station, TTC Train And Platform, Public Transportation - Toronto, Canada - October 16 2017

According to a press release issued today by Infrastructure Canada, with the funding announced today, the City of Toronto will be able to expand and rehabilitate the existing subway station to improve efficiency and capacity, and reduce overcrowding during rush hours. Work will include the construction of a second platform on Line 2 for eastbound service, an expansion of the Line 1 northbound and southbound platforms, new elevators, escalators and stairs, and construction of a new accessible entrance and exit on Bloor Street East.

The upgrades will result in more frequent service and less crowded platforms, Mayor John Tory told reporters this morning. Tory says altering platforms -- a major undertaking -- will make a difference because it will be safer, but also more efficient. "This is a great day for the TTC and a great day for Toronto," said Tory.

The Mayor calls the expansion a key part of Toronto's transit plan. "This work to increase the capacity of this important transit hub is only possible because all three governments are working together to invest in the TTC and its future," said Tory. "Toronto is growing rapidly and these unprecedented transit investments are needed to make sure we have reliable, accessible, safe, and modern transit system now and in the future."