City of Toronto and federal government spending nearly $1B on fleet of buses

Toronto – The federal government and City of Toronto will spend more than $930 million on purchasing new buses and refurbishing others.

Mayor John Tory and federal Infrastructure Minister Amarjeet Sohi made the announcement at a press conference on Monday morning.

They say the money will pay for 1,043 new buses.

They say 695 more buses will be refurbished.

Tory says the city is spending more than $492 million, while the federal government is investing $442 million.

The money comes from the Public Transit Infrastructure Fund, which was first announced in the federal 2016 budget.