TripSpark’s Guide to the Canada Public Transit Fund
On July 17, 2024, the Canadian Government launched the Canada Public Transit Fund (CPTF), a whopping $30 billion investment over 10 years. It’s the largest public transit investment in Canadian history.
What does this mean for your transit agency? Let’s break it down, shall we?
What is the Canadian Public Transit Fund?
It’s basically a big pot of money the government has set aside to expand and make transit more accessible across Canada. Money for new buses, extended subway lines, and even futuristic light rail projects.
It’s like Christmas came early for transit agencies!
How is CPTF going to help you?
Transit agencies are in for a treat. This fund is going to help your agency:
- Buy new vehicles.
- Expand existing routes.
- Upgrade stations and stops.
- Make transit more accessible for all your riders.
How will CPTF be distributed to agencies?
Starting in 2026, the CPTF is being delivered through a three-pronged approach:
Metro-region agreements: Large urban communities will get dedicated funding based on their strategic needs and plans.
Baseline funding: Transit agencies in smaller communities and rural areas will receive a set amount of funding.
Targeted funding: Money will be set aside for agencies to apply for funding to achieve specific goals like switching to zero-emission buses or tackling infrastructure state-of-good-repair costs.
How do agencies apply for CPTF funding?
Agencies need to submit a detailed proposal outlining the following:
- Your agency’s project.
- How your project aligns with the CPTF’s goals.
- What are the expected benefits for your community.
- If your project creates jobs and boosts the local economy.
CPTF is looking for projects that improve service, increase ridership, and decrease carbon emissions.
Where can agencies find more information?
Let us know how TripSpark can help!