Rapid Transit agreement inked by Winnipeg and Manitoba
$138-million Project To Include Dedicated Bicycle Paths
Released: 11:30 a.m.
NEWS @ A GLANCE:
A rapid transit system and dedicated bicycle paths linking south
Winnipeg to the downtown is one step closer to shovels going in
the ground following a $138-million funding agreement reached
between the City of Winnipeg and the Province of Manitoba,
Premier Gary Doer and Mayor Sam Katz announced today. (for more details, please read the full media release below) |
WINNIPEG - September 8, 2008 – A rapid transit system and dedicated bicycle paths linking south
Winnipeg to the downtown is one step closer to shovels going in
the ground following a $138-million funding agreement reached
between the City of Winnipeg and the Province of Manitoba,
Premier Gary Doer and Mayor Sam Katz announced today.
"This is a significant infrastructure project linking south
Winnipeg to our downtown," said Doer. "It will help improve
transit ridership and efficiency, while helping to reduce
greenhouse gas emissions and meet Kyoto targets. I am pleased to
partner with the mayor on this important initiative."
The first stage of the Southwest Rapid Transit Corridor will
receive a $138-million investment and will extend from Jubilee
Avenue to The Forks with a second, future stage to run from
Jubilee Avenue to Bison Drive with both stages incorporating bike
paths into their construction.
"I've always said rapid transit is part of our city's future,"
said Katz. "Today's announcement takes a comprehensive approach
to link our city with hubs focusing on mixed residential and
commercial development that will provide the financial stability
needed to make this important project a reality. By laying the
groundwork today, we can move ahead on providing Winnipeggers
with quick, reliable and green transportation alternatives at a
time when gas prices are an unprecedented high."
Winnipeg will contribute $30.75 million which includes $17.5
million from the 2008 Federal Transit Trust. The province will
match the federal transit trust contribution of $17.5 million and
will fund 50 per cent of the net operating costs of the rapid
transit system through its existing 50-50 transit funding
agreement, fulfilling its legislative commitment under the
Climate Change Act passed earlier this spring.
The new rapid transit corridor will utilize the innovative tax
increment financing tool to capture any incremental growth from
residential and commercial infill development along the rapid
transit corridor. Tax increment financing is an investment and
development tool that reinvests property and school taxes into
certain areas to encourage infrastructure development that
otherwise would not take place.
As part of today's agreement, the mayor and premier also agreed
to jointly seek a one-third federal contribution to the second
stage of the Southwest Rapid Transit Corridor and agreed to work
together to continue the development of a comprehensive rapid
transit system for the city of Winnipeg.
Southwest Transit Corridor Map
[2.42 mb]
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