Making Headway, Capital Investments to Keep Transit Moving
CAPITAL INVESTMENT PLAN Making Headway Capital Investments to Keep Transit Moving 2019–2033 headway (/ˈhed wā/) noun 1. forward movement or progress, especially when the way is difficult. 2. the average interval between trains, streetcars, or buses. The shorter the headway, the more passengers carried per hour. Making Headway — Capital Investments to Keep Transit Moving January 2019 From the Chief Executive Officer In January 2018, the TTC published a new Corporate Plan that clearly laid out our priorities for the next five years. At the top of the list was transforming for financial sustainability. “Fiscal sustainability,” we said, “depends on our ability to fund what the TTC is being asked to deliver over the long term.” We committed to providing better budget information for improved long-term decision-making. Over the past 12 months, we have undertaken a massive, multi-department review of all of our assets. The result is this Capital Investment Plan. Toronto’s transit system is hailed as among the most multi- modal systems in the world, with seamless integration between buses, streetcars, Wheel-Trans and the subway. The TTC’s interdependent network of fleet, track, power, maintenance and other infrastructure moves more than half a billion people annually. Funding for critical maintenance and system improvements is necessary. Projects that have been approved are still awaiting funding. Line 2 Capacity Enhancement is unfunded. Buses past 2021 are unfunded. The expansion of Bloor-Yonge Station, which is needed to accommodate ridership growth even before planned transit expansion, is unfunded. The TTC Way, which was introduced in our Corporate Plan, establishes clear guidelines for how we at the TTC work with each other, with customers and with our partners, including our funding partners.
[Show full text]