Transit Windsor is receiving more than $117 million for upgrades — including 59 new buses — in what’s being hailed as a historic investment involving all three levels of government.
Irek Kusmierczyk, MP for Windsor-Tecumseh, announced Thursday the money will go toward 10 projects.
He called it a “historic, transformative investment to modernize Transit Windsor.”
Anthony Leardi, MPP for Essex, said the funding will be a game-changer for the city.
“From new buses and upgraded stops to more cutting-edge technologies, taking public transit in Windsor will be easier than ever,” he said.
The federal government is kicking in more than $45.5 million, while the Ontario government is contributing $37.9 million. The City of Windsor’s contribution is $34.3 million.
The projects include:
34 hybrid-electric buses.
25 diesel buses.
Upgrades to the transit garage and equipment.
Relocation of the east end bus terminal.
Improvements to the west end bus terminal.
Improvements to “services and technology.”
Tyson Cragg, executive director of Transit Windsor, said some of the projects are in the planning stages right now. He said the money will help the city achieve goals in its 2019 transit master plan.
“It goes a long way,” he said. “A lot of our expansion plans are dependent on storage capacity and also terminal capacity.”
The biggest share of the money is going toward the electric buses at $15.8 million, while $6.7 million is earmarked for the diesel buses.
The new buses will be ordered soon, Cragg says, but it could take a year to 18 months for them to be delivered.
A report that outlines the state of the city’s assets found that about 40 per cent of its transit fleet is in poor or very poor condition, but Cragg says that the condition is largely based on the age of the fleet. The report notes the average condition of the buses is improving.
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
