Toronto Board of Trade

Toronto Board of Trade

May 15, 2009 14:25 ET

Sheppard extension brings short-term stimulus plus long-term growth

President and CEO Carol Wilding says new infrastructure will “ensure Toronto doesn’t choke on its own success”

Attention: City Editor, News Editor, Government/Political Affairs Editor, Transportation Editor TORONTO, ONTARIO, PRESS RELEASE--(Marketwire - May 15, 2009) - Toronto Board of Trade President and CEO Carol Wilding says today's announcement by Prime Minister Stephen Harper and Ontario Premier Dalton McGuinty to build the Sheppard East LRT extension is among the most important transit investments they can make for the Toronto region's immediate and future prosperity.

"In our budget submissions to both governments earlier this year, we advanced Metrolinx' call to build the Sheppard extension as one of the top transit priorities for this city and this region," says Wilding. "I congratulate both Prime Minister Harper and Premier McGuinty for their political will to work together. This project will provide short-term stimulus for long-term prosperity."

The Sheppard East LRT is at an advanced stage of readiness and should translate into shovels in the ground before the end of this year. The province estimates the project will create 9,500 jobs.

In the long-term, by handling some 45,000 estimated daily commuter trips, the Sheppard extension will alleviate gridlock - the top concern of the Board of Trade's member businesses - while achieving a more sustainable economy.

"The Toronto region is one of the fastest growing in the world," says Ms. Wilding. "Demand for travel throughout the region will only increase. It's projects like this that can ensure Toronto doesn't choke on its own success."

About the Toronto Board of Trade (www.bot.com)
Founded in 1845, the Toronto Board of Trade is Canada's largest local chamber of commerce. The Board advances the success of its members and the Toronto region by facilitating opportunities for knowledge sharing, networking, business development and city building.

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For more information contact:
Philip Preville
Director, Public Affairs
Toronto Board of Trade
416-862-4514
ppreville@bot.com
IN: POLITICS, TRANSPORT

Contact Information

  • Philip Preville, Director of Public Affairs
    Primary Phone: 416-862-4514 ext. 4514