Toronto Mayor John Tory will today announce plans to introduce road tolls for the Gardiner Expressway and Don Valley Parkway, key highways that carry thousands of commuters into Canada's largest city.
Mayor Tory: Our city does need to come together around a fair, effective plan to pay for new transit and to take care of citizens.
The mayor days the city of Toronto currently needs $33 billion to fund specific projects.
"We need to build them," he says.
Mayor Tory: We need to build more transit. I don't think anybody in this city disagrees with that.
The question is, how are we going to pay for it?
Mayor Tory: I have no intention of telling an entire generation of young people that they can't afford to live in Toronto.
Mayor Tory says he will not support a "massive increase" in property taxes or the "much discussed" option of selling or partially-selling Toronto Hydro.
Mayor Tory: Tolls are paid in cities around the world, places many of us have visited. On the Gardiner and Don Valley Parkway, these tolls would be paid by those who drive in and out of the city as well as by local 416 residents sharing the burden among everyone who uses these city of Toronto owned and financed roads.
Tory said tolls have been shown to reduce travel times, ease congestion and encourage people to take transit.
Mayor Tory says the introduction of tolls in Toronto would happen as GO Transit expands its regional network and SmartTrack also expands.
"The money raised through the tolls would be directly invested in the expansion of our transit network."
Today I have a plan to make the most significant investment in transit and infrastructure in decades, to cut congestion and to get this city moving.