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Tuesday, September 13, 2016

Ontario Trails News - Trillium Trust, Ontario Infrastructure, Prince Edward Trails, Millennium Trail and more Ontario trails news!

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News Release

Ontario Allocates $3.2 Billion for Infrastructure Projects

August 30, 2016

Sale of Hydro One Shares Will Be ReInvested in Infrastructure, Job Creation and Economic Growth

Ontario has dedicated $3.2 billion from the sale of Hydro One shares in 2015 to the Trillium Trust, a fund for infrastructure projects that will help create jobs and strengthen the economy.

This follows on the government's 2015 Budget and Fall Economic Statement commitment to dedicate all net revenue gains from the sale of Hydro One shares to the Trillium Trust, to build key vital, long-term infrastructure projects and transportation across Ontario.

Ontario previously credited $1.35 billion in net proceeds from the sale of the Province's shares in General Motors, bringing the total balance of the Trillium Trust to over $4.5 billion. Additional net revenue gains from unlocking value from Hydro One has allowed the government to increase dedicated funding to Moving Ontario Forward by $2.6 billion in the 2015 Budget, bringing the total to $31.5 billion over a 10-year period, and supported an increase in total infrastructure spending to an unprecedented $160 billion over a 12-year period.

Ontario is on track to generate approximately $9 billion in gross proceeds and other revenue benefits from broadening the ownership of Hydro One, while remaining the largest single shareholder. Taxpayers continue to benefit from dividends in the company, allowing the government to increase investments in infrastructure programs such as GO Transit Regional Express Rail and the Ontario Community Infrastructure Fund without further raising taxes, increasing debt or cutting public services.‎

By investing more than $160 billion over 12 years, Ontario is making the largest investment in public infrastructure in the province's history. These investments will support 110,000 jobs, on average, every year across the province, with projects such as hospitals, schools, roads, bridges and transit. Since 2015, Ontario has announced support for more than 475 projects that will keep people and goods moving, connect communities and improve quality of life. To learn more about infrastructure projects in your community, go to Ontario.ca/BuildON.

Maximizing the value of provincial assets is part of the government's economic plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes helping more people get and create the jobs of the future by expanding access to high-quality college and university education. The plan is making the largest infrastructure investment in hospitals, schools, roads, bridges and transit in Ontario's history and is investing in a low-carbon economy driven by innovative, high-growth, export-oriented businesses. The plan is also helping working Ontarians achieve a more secure retirement.

QUICK FACTS

  • Regulations under the Trillium Trust Act, 2014 ensure that net revenue gains associated with the sale of designated assets are credited to the Trust to support Ontario’s key infrastructure projects such as roads, bridges and public transit. This ensures transparency on the net revenue gains that are being credited to the Trust.
  • In April 2016, Ontario raised an additional $1.97 billion in gross proceeds from a secondary offering of more than 83 million common shares in Hydro One. The government will dedicate the net proceeds of this transaction to critical investments in transit and infrastructure throughout Ontario through the Trillium Trust.
  • Ontario remains the largest single shareholder of Hydro One, allowing taxpayers to continue benefiting from dividends from ownership in the company.


Barn Quilt Trail in Prince Edward County - 
By Bruce Bell, The County Weekly News/The Intelligencer
Tuesday, August 30, 2016 2:55:34 EDT PM
BRUCE BELL/the intelligencerPat and Ron Dubyk are pictured with a barn quilt in front of the County home. The pair started the Prince Edward County Barn Quilt Trail in 2013 and along with a team of volunteers now have close to 150 installed throughout the municipality.
BRUCE BELL/the intelligencer Pat and Ron Dubyk are pictured with a barn quilt in front of the County home. The pair started the Prince Edward County Barn Quilt Trail in 2013 and along with a team of volunteers now have close to 150 installed throughout the municipality.
PRINCE EDWARD COUNTY - It’s quickly become the largest outdoor art gallery in the County. MORE>>>>>>>
 

Prince Edward Regional Trail Committee supports PEC County - see their FB pagePrince Edward RTC Meets to support a PEC Application to Ontario 150 - 
The funding application is to improve the surface of the Trail that Rotary did not do, establish five staging areas with parking and signage and add signage along the Trail.  In addition we have just completed a new Facebook site for the Millennium Trail.

Please join if you would like and also encourage others who are
interested. This site provides currently available information and can be
used to communicate with everyone on a continuing basis.
Information on public meetings will be added.