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Federal, Ontario Liberals sign $1.49B transit funding agreement

The federal government has cracked open its coffers with $1.49 billion in new transit infrastructure money for everything from new transit vehicles to upgraded stations.

The details were announced Tuesday morning by Prime Minister Justin Trudeau and Ontario Premier Kathleen Wynne at a municipal transit garage in Barrie, Ont.

About $500 million of the projects announced this morning will be in Toronto, with Ottawa next on the list at $156 million.

Waterloo, Barrie and Sudbury, where the federal cabinet just wrapped up a two-day retreat, will receive about $30.6 million combined for 20 projects.

In Toronto the money will go toward fixing up bridges, a subway yard upgrade and replacing a fire main at Wilson Yard along with upgrades to buses and streetcars.

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