Gardiner Expressway upload helps pc28¹ÙÍønarrow the funding gap for repairs to bridges, roads and buildings
An annual report on the state of the city’s infrastructure released Tuesday details where repairs to the city’s roads, bridges and buildings are most needed.
The city needs to find nearly $18Â billion over the next decade just to keep its aging buildings, roads and other city facilities in their current condition.
According to a newly released report on the city’s infrastructure heading to Mayor Olivia Chow’s executive committee next week, that’s an $8-billion decrease from last year’s gap. The city attributes this decline to prioritizing certain investments and the new deal signed with the province that uploaded the Gardiner and Don Valley Parkway, which eliminated the city’s largest state of good repair liability.Â
However, five key areas are driving the current funding backlog: the TTC, pc28¹ÙÍøCommunity Housing Corporation, roads and bridges, city facilities, and parks and recreational facilities.
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“The City of pc28¹ÙÍøhas an expansive asset inventory that is aging and requires various types of interventions and levels of investment,” the report said, adding there’s an additional $20 billion shortfall for unfunded capital works, such as transit projects.
That funding gap is “indicative of the financial constraint the city is experiencing to ensure long-term sustainability and viability of its services with limited funding availability and competing growth initiatives.”
The outlines about $215 billion worth of Toronto’s infrastructure for things like the transportation network, recreation centres, bridges, water systems, social services and other city services residents rely on every day.
The city’s analysis described the state of most of its infrastructure as in “fair” condition, meaning it is “performing acceptably but below standard” and it is approaching the end of its service life.
However, about 20 per cent of the infrastructure covered in the report is rated as in poor or very poor condition, meaning it is past its usefulness and require rehabilitation or replacement.
Just to maintain all the listed infrastructure would require more than $50 billion in spending over 10 years.
More to come.
Mahdis Habibinia is part of the Star's city hall bureau, based
in Toronto. Reach her via email: mhabibinia@thestar.ca
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