THE BIG MOVE Transforming Transportation in the Greater Toronto & Hamilton Area (GTHA) W. Michael Fenn, CEO October 23, 2008 Halton Real Estate Forum 1
Today 1. Case for Change 2. The Plan 3. Paying for the Plan 2
Our Competitors 3
Speaking in Regional Terms 4
Defined & Protected 5
Guided By 6
Connected by a Transportation Plan 7
In 25 Years 8
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Case for Change High Level Conclusions Unsustainable practices in: Planning Funding Governance Culture 10
Case for Change High Level Conclusions Global Forces are framing transportation challenges Climate change Global competitiveness Rising fuel prices Aging demographics GTHA s challenge Cost of doing nothing is huge 11
Developing The RTP White White Papers Papers Draft RTP Final RTP RTP IMPLEMENTATION Dec 07 March 08 May 08 Sept 08 Fall 08 Stakeholder Meetings Stakeholder Meetings Public Meetings On-line Consultations 12
Multi-Faceted Solution Reduce demands on the transportation system Increase choices for travel Meet the needs of the traveller first Build communities that make travelling easier Commit to continuous improvement Infrastructure Infrastructure Policy Policy Programs Programs Integrated Strategies 13
1. A fast, frequent and expanded regional rapid transit network 14
2. A complete walking and cycling network with bike-sharing programs 15
3. An information system for travellers, where and when they need it October 2008 16
4. A region-wide integrated transit fare system 17
5. A System of Connected Mobility Hubs 18
6. High-order transit connectivity to the Pearson Airport district from all directions 19
7. A comprehensive strategy for goods movement 20
8. An Investment Strategy to provide stable and predictable funding 21
Initial Transformational Projects Proposed Major projects expected to achieve construction start in 2009-2018: (Total project list and implementation phasing to be confirmed in Metrolinx RTP and Capital Plan) 1. Lakeshore Express Rail Electrification Hamilton-Oshawa (Spring 2011 to Spring 2015) 2. Yonge Subway Extension to Richmond Hill and capacity improvements Toronto-Richmond Hill (Spring 2011 to Fall 2016) 3/4 Eglinton Rapid Transit including Scarborough Rapid Transit line upgrade and extension Pearson Airport-Scarborough Town Centre (Spring 2010 to Spring 2016) 5. Finch West-Sheppard East Rapid Transit From Pearson Airport-Scarborough Town Centre-Meadowvale (Spring 2009 to Spring 2014) 6. Rapid Transit Services along Hwy 2 in Durham 7. VIVA Highway 7 and Yonge through York Region Yonge VIVA BRT (Richmond Hill-Newmarket): Full Build 2010-2015 Hwy 7 VIVA BRT (Vaughan-Cornell): Early in-service buses 2010, Full Build 2010-2015 8. Rapid Transit in downtown Hamilton from McMaster University to Centennial Parkway 9. Hurontario / Main Street Corridor Rapid Transit from Port Credit to downtown Brampton 22
Initial Transformational Projects Proposed Major projects expected to achieve construction start in 2009-2018 * : (Total project list and implementation phasing to be confirmed in Metrolinx RTP and Capital Plan) 10. Rail link between Union Station and Pearson Airport 11. Brampton's Queen Street Acceleride 12. Mississauga Transitway: 403 Transitway from Mississauga City Centre to the Renfew Gateway 13. Spadina Subway Extension to Vaughan Corporate Centre 14. Improvements to existing GO Rail Services and Extension of GO Rail Service to Bowmanville 15. Early phases of BRT Service on Dundas Street in Halton and Peel 23
Paying for the Plan - Recommended Approach 1. Avoid using new taxes or user fees to fund the early years of the Plan (2008-2015) 2. Dedicate a revenue stream to Metrolinx 3. Enhance revenue stream with land value capture tools 4. Enable Metrolinx to borrow against revenues 5. Revenue stream should equal MoveOntario 2020 commitment of $11.5 Billion 6. Obtain favorable accounting treatment for Province by taking ownership of all assets called for by the Regional Transportation Plan 7. Create the winning conditions for introducing new revenue tools 24
Paying for the Plan - Recommended Approach Benefits Avoids lengthy and protracted debate about new taxes allowing focus to be placed on the Regional Transportation Plan Consistent with government commitments regarding new taxes and MoveOntario 2020 funding Allows Metrolinx time to deliver on several key projects creating credibility for our organization in the public s eye Puts Metrolinx on the path to sustainability by creating a predictable revenue stream against which to plan Leaves open the door to a full suite of revenue tools comparable to Translink, AMT (Montreal) and others 25
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