Good for the Economy: How Much is Public Transit Worth to Toronto?

Thu, 2012-02-16 11:09

Whether it’s helping to reduce gridlock or making Toronto an attractive place for tourists, the TTC plays an important role in Toronto’s economy. Just take a look at some of these facts.

The use of transit increases the efficiency of Toronto’s economy by reducing gridlock, pollution-related illnesses, transportation costs and the mobility of workers and consumers.

A more efficient transportation sector means lower prices for goods because of costs saved in transport.

The average cost of traveling one person-kilometre by car in Canada is 46¢. For public transit, it is 12 cents. According to the Canadian Urban Transit Association, this means an annual savings of $2,495 for every Torontonian who uses transit.