#CanadaSOLETFLaunch It seems like you're referring to the Canada Public Transit Fund (CPTF). The Canadian government has launched this fund to invest in public transit needs across the country. Here's what you need to know ¹:
- *Funding Details*: The CPTF will provide up to $3 billion annually, starting from 2026-2027, to respond to local public transit needs in communities across Canada.
- *Objective*: The fund aims to enhance public transit capacity, reduce car dependency, contribute to climate change mitigation, and support economic growth.
- *Funding Streams*: The CPTF has three funding streams ¹ ²:
- *Metro-Region Agreements*: 10-year agreements for metropolitan regions with complex public transit networks, supporting diverse projects.
- *Baseline Funding*: Up to 10-year agreements for communities with existing public transit systems, providing stable support for routine growth and rehabilitation.
- *Targeted Funding*: Single-project agreements for specific federal priorities, including active transportation, rural and remote transit, and electrifying public transit.
- *Impact*: The fund is expected to improve affordability, reduce greenhouse gas emissions, and strengthen climate resilience.
Some notable initiatives under this fund include ²:
- *Zero Emission Transit Fund*: Supports communities in transitioning to zero-emission transit and school buses.
- *Joint Funding*: The government of Canada and the city of London, Ontario, have provided joint funding to transition city transit buses to zero emissions.