Federal government joins Ontario in promising money for new Toronto subway cars – Toronto [Video]

After waiting more than a year, the City of Toronto has finally received confirmation from both the provincial and federal governments that they’ll help shoulder the massive cost of replacing a fleet of subway trains.

On Friday, the federal government announced it will give Toronto $758 million to buy new subway cars, signing on to a commitment the provincial government made last year as part of its new deal for Toronto.

“Our government knows improving public transit is essential to ensuring our economy reaches its full potential,” Finance Minister Chrystia Freeland said in a statement. “The TTC needs new subway cars to keep up with the growing transit demands of our growing city.”

The subway car funding from Ottawa is part of a broader, long-term transit commitment.

Toronto has been asking for help to buy a fleet of new subway trains to run on Line 2: Bloor-Danfoth as technical issues with …