PROCEEDS FROM ONTARIO GREEN BOND TO HELP FIGHT CLIMATE CHANGE: PROVINCE RAISES $1B FOR ECO-FRIENDLY INFRASTRUCTURE PROJECTS
Ontario has successfully issued the largest green bond in Canadian history, raising $1 billion for infrastructure projects in communities across the province that will help reduce greenhouse gas emissions and fight climate change.
Proceeds from the bond will support seven projects:
- Eglinton Crosstown Light Rail Transit (LRT) in Toronto: $407 million
- GO Transit Whitby Rail Maintenance Facility: $300 million
- York Viva Bus Rapid Transit in York Region: $80 million
- Hurontario LRT in Mississauga and Brampton: $10 million
- Joseph Brant Hospital Redevelopment Project Phase 1 in Burlington: $145 million
- Seneca College King Campus Expansion in King City: $50 million
- Finch West LRT in Toronto: $4 million.
These projects will improve the quality of life for people across the province while supporting the objectives of Ontario’s Climate Change Action Plan, and help Ontario meet its target to reduce greenhouse gas pollution by 15 per cent below 1990 levels by 2020, 37 per cent by 2030 and 80 per cent by 2050.
Learn more here.