Peterborough and area transit services will receive nearly $56 million in government funding over the next decade.
It’s part of a new $22-billion federal-provincial cost-sharing agreement for infrastructure projects announced on Friday. The agreement aims to “create economic growth, build inclusive communities and support a low carbon green economy,” according to a release from the federal government.
The City of Peterborough will receive more than $31.1 million from Ottawa along with $25.7 million from the province.
Peterborough County is earmarked for nearly $24,000 from the federal government and $19,775 from Ontario.
Peterborough-Kawartha MP Maryam Monsef says transit matters to Peterborough residents and that the partnership will improve the economic and environmental sustainability for residents.
Monsef noted at a recent Rural Women’s Summit in Buckhorn, about 30 kilometres north of Peterborough, transportation was the “number one barrier and opportunity for social and economic growth” for rural communities.