BR100 Decreased By (-1.49%)
BR30 Decreased By (-1.14%)
KSE100 Decreased By (-0.85%)
KSE30 Decreased By (-1.61%)
AGHA 6.12 Decreased By ▼ -0.06 (-0.97%)
BECO 4.15 Decreased By ▼ -0.08 (-1.89%)
BML 60.90 Decreased By ▼ -0.94 (-1.52%)
BOP 30.91 Decreased By ▼ -0.79 (-2.49%)
CNERGY 12.11 Increased By ▲ 0.05 (0.41%)
CSIL 5.66 Increased By ▲ 0.03 (0.53%)
FCCL 58.21 Decreased By ▼ -0.50 (-0.85%)
FFL 13.40 Decreased By ▼ -0.07 (-0.52%)
FNEL 1.17 No Change ▼ 0.00 (0%)
KEL 6.10 Decreased By ▼ -0.04 (-0.65%)
KOSM 5.61 Decreased By ▼ -0.05 (-0.88%)
LOTCHEM 24.35 Decreased By ▼ -0.47 (-1.89%)
MLCF 100.19 Decreased By ▼ -1.90 (-1.86%)
NBP 175.81 Decreased By ▼ -3.85 (-2.14%)
NCPL 51.90 Increased By ▲ 1.85 (3.7%)
NPL 53.93 Increased By ▲ 1.03 (1.95%)
OGDC 313.80 Decreased By ▼ -2.44 (-0.77%)
PACE 9.24 Increased By ▲ 0.03 (0.33%)
PAEL 33.55 Decreased By ▼ -0.47 (-1.38%)
PIBTL 13.23 Decreased By ▼ -0.19 (-1.42%)
PPL 218.10 Decreased By ▼ -3.20 (-1.45%)
PRL 85.50 Increased By ▲ 0.90 (1.06%)
PTC 47.45 Decreased By ▼ -0.93 (-1.92%)
SSGC 22.65 Decreased By ▼ -0.29 (-1.26%)
TBL 9.20 Decreased By ▼ -0.10 (-1.08%)
TELE 7.17 Increased By ▲ 0.10 (1.41%)
TPL 25.50 Decreased By ▼ -0.36 (-1.39%)
TPLP 13.15 Increased By ▲ 0.04 (0.31%)
TREET 24.55 Decreased By ▼ -0.44 (-1.76%)
TRG 53.58 Decreased By ▼ -0.45 (-0.83%)
World

Canada to spend C$15bn on public transit projects

  • The spending will be focused on major projects like new subway extensions and the electrification of vehicle fleets, along with investments in walking and cycling infrastructure, he said.
  • To help restart the economy and create strong, middle class jobs - all while fighting climate change.
Published Updated
By

OTTAWA: Canada will spend C$15 billion ($11.8 billion) on public transit projects over eight years as part of its efforts to stimulate the economy and create jobs post COVID-19, Prime Minister Justin Trudeau said on Wednesday.

The spending will be focused on major projects like new subway extensions and the electrification of vehicle fleets, along with investments in walking and cycling infrastructure, he said.

"To help restart the economy and create strong, middle class jobs - all while fighting climate change - I can announce today that we are investing almost C$15 billion for new public transit projects over the next 8 years," Trudeau told reporters.

Comments

Comments are closed for this article.