Federal Budget Continues Support for Transit Investment

OTTAWA, March 4 /CNW/ - The Canadian Urban Transit Association (CUTA) is pleased that today's Budget maintains existing investments that support public transit infrastructure.

"Transit investment stimulates the economy, and builds sustainable transportation choices for the future," says CUTA President and CEO, Michael Roschlau. "Canada's transit industry recognizes and supports the recent progress made by the Federal Government in addressing transit needs."

While CUTA is thankful that the federal government will maintain existing commitments to the $4-billion Infrastructure Stimulus Fund, the $8.8 billion Building Canada Fund and the $2 billion per year Gas Tax Fund, the lack of investments dedicated to public transit will make it a challenge for transit to fully meet the growing needs of Canadian communities.

"If transit is to perform at its optimal level, we are going to need long-term, dedicated funding for public transit," adds CUTA Chair Charles Stolte. "Sustainable growth needs to be matched with predictable and sustained investment."

CUTA remains disappointed that its recommendation for a tax exemption for employer-provided transit benefits did not materialize. This move would be of value to many Canadians, as supported by Bill C-466 and a recent report from the Parliamentary Budget Office (PBO).

"We look forward to continuing our positive dialogue with all political parties to advance transit priorities," concludes Stolte. "Transit is essential in improving the environmental and economic health of Canadian communities."

CUTA is the national association representing public transit systems, suppliers to the industry, government agencies, individuals and related organizations in Canada.

SOURCE Canadian Urban Transit Association

For further information: For further information: Maureen Shuell, CUTA Director of Communications, (416) 365-9800 ext 105, shuell@cutaactu.ca, www.cutaactu.ca

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Canadian Urban Transit Association

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