Ottawa announces $758M in funding to help pay for new Line 2 subway trains

The City of Toronto is set to replace aging subway cars on Line 2 Bloor-Danforth, after the federal government announced $1.2 billion in funding for the TTC on Friday.

The city will put $758 million of the funds toward the purchase of 55 new subway cars, according to a news release from the Department of Finance.

“We need to have public transit that grows with the needs of our growing city,” Deputy Prime Minister Chrystia Freeland said during Friday’s announcement.

Toronto has pushed the federal government to provide funding to replace Line 2 cars for over a year. 

The trains are nearing the end of their useful life and will turn 30 years old in 2026.

The new trains are expected to cost nearly $2.3 billion in total, with the city, province and federal government splitting the bill.

They will be manufactured in Thunder Bay, Ont., Freeland said.

The TTC will receive the newly announced federal funds over the next decade through the Canada Public Transit Fund, the release said.