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Ontario cities to see billions in gas tax fund

Ontario cities to see billions in gas tax fundMayor Rob Ford, right, sits with Federal Finance Minister Joe Oliver during the announcement of a renewed Federal Gas Tax fund at a TTC transit yard in Toronto on Friday, July 11, 2014. The fund will enable investment in public infrastructure across the Province of Ontario. THE CANADIAN PRESS/Chris Young

TORONTO - The federal government announced today that more than $8 billion will flow to Ontario municipalities under a renewed gas tax fund.

Federal Finance Minister Joe Oliver joined Toronto Mayor Rob Ford today to mark the 10-year extension of the agreement.

Oliver says by enshrining the commitments in legislation, municipalities are ensured an ongoing source of funding for their infrastructure priorities.

He says the government has also doubled the number of eligible investment categories so municipalities can apply their gas tax money to a wider variety of projects.

Ford, who did not stay at the announcement to take questions, spoke of how gas tax money has been used for transit infrastructure in Toronto, including helping increase the system's fleet size.

Ford, who has been a vocal proponent of subways, touted improvements to the trains, planned subway extensions, new buses and accessible transit options but did not mention new streetcars, which are due to be rolled out starting in August.

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