Ontario considers project finance for a high-speed rail link
Ontario is moving ahead with preliminary design work on a high-speed rail corridor between Toronto and Windsor and and plans to invest CAD15 million (US$11 million) in a comprehensive environmental assessment. Ontario will establish a new governing body to oversee the ambitious work required to design and implement high speed rail.
With an estimated investment of CAD21 billion (US$15.6 billion) project would slash the travel time between Toronto and Windsor from four hours to two, with the planned rail link would travelling up to 250 kilometres per hour.
The proposed stops on the new HSR line include Windsor, Chatham, London, Kitchener-Waterloo, Guelph and Toronto, with a connection to Pearson International Airport.
With high speed rail expanding Ontario's innovation supercorridor to Windsor, businesses will be able to attract the best talent, increase their productivity and support a low-carbon innovation economy. Investing in high speed rail is part of our plan to create jobs, grow our economy and help people in their everyday lives.
Premier Kathleen Wynne said:
“This is an idea that has been around a very long time. This has been talked about for decades. The best time to have built high speed rail was 40 years ago. The second best time is today.”
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