Sunday, August 2nd33.8°C
27107
26015

Toronto Port Authority says it's seeking up to $100 million in federal funding

TORONTO - The Toronto Port Authority is seeking up to $100 million in federal funding for infrastructure improvements at the Billy Bishop Toronto City Airport.

The port authority says it has presented a preliminary estimate for improvements related to airport access and related vehicle traffic to the federal Building Canada Fund, on behalf of the City of Toronto.

The TPA is a self-funding federal agency but its chairman, Mark McQueen, says its financial resources will be strained by the cost of a proposed runway extension and normal spending requirement.

The runway extension is part of a controversial proposal from Porter Airlines, which wants to begin using Bombardier CSeries jets at airport on Toronto's waterfront.

The port authority says it has been asked by city staff to attend a public meeting on Monday as part of a series of public consultations on Porter's request.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14468.44+85.68
S&P CDNX594.31+6.01
DJIA17689.86-56.12
Nasdaq5128.28-0.50
S&P 5002103.84-4.79
CDN Dollar0.7641-0.0001
Gold1096.90+0.60
Oil47.53-1.69
Lumber252.10+0.50
Natural Gas2.883+0.062

 
Okanagan Companies
Pacific Safety0.17-0.01
Knighthawk0.010.00
QHR Technologies Inc1.42+0.00
Cantex0.035-0.005
Anavex Life Sciences0.9101+0.1101
Metalex Ventures0.05+0.00
Russel Metals19.40-0.05
Copper Mountain Mining0.79+0.01
Colorado Resources0.065+0.005
ReliaBrand Inc0.0049+0.0004
Sunrise Resources Ltd0.03+0.00
Mission Ready Services0.095-0.045
Decisive Dividend Corp2.55+0.05

 





FEATURED Property
2323178#1309 - 2210 Upper Sundance Drive
2 bedrooms 2 baths
$254,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Chasing ducks

Photo: Thinkstock.comWhen businessmen tell me that being low priced is the only way to stay in business, I am skeptical. Price is the simplest way for a consumer to compare and is overused as the basi...


Taking care of business

Photo: Thinkstock.comRetirement as a goal has changed a lot over the years. There was a time, it was the only goal. You’d punch the clock and count the years until you could stop punching that t...


Income from home equity

Photo: Thinkstock.comWhen retirement funds run low, seniors often ask if tapping into the equity in their home is the right way to retain financial independence. To see if this option might be a good ...

_



26376

26370


Member of BC Press Council


26780