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The Toronto Port Authority (TPA) advised that it has presented an infrastructure-funding proposal to the federal government for groundside infrastructure improvements at Billy Bishop Toronto City Airport under the Building Canada Fund, on behalf of the City of Toronto.
As part of its response to the City of Toronto Staff Report dated Nov. 21, 2013, the TPA is seeking up to $100 million for improvements in City-owned infrastructure related to airport access and related vehicle traffic. City of Toronto staff, in the November 2013 report, identified certain infrastructure improvements to be a key requirement before they could provide a positive recommendation related to Porter’s proposal.
“Our City partners have said that improving the existing groundside infrastructure is a key component in any eventual approval of the proposal to bring Tripartite-compliant jets to Billy Bishop. Given the continued support Torontonians have shown for the jet concept, we hope to provide as much information as possible to the parties involved over the coming weeks as they give the matter the best possible hearing,” said TPA chairman Mark McQueen of the funding proposal. “As a self-sufficient government business enterprise, the TPA’s financial resources are finite, and the cost of the proposed runway extension, when combined with the airport’s ongoing capital expenditure needs, is expected to consume the TPA’s remaining available borrowing capacity. As such, it was necessary to apply for funding under this or other existing government infrastructure programs.”
The TPA’s funding proposal is a draft estimate that considers a range of future infrastructure requirements associated with waterfront improvements around Billy Bishop Toronto City Airport.
The TPA has been asked by City of Toronto Staff to attend a Public Meeting on Monday, Jan. 27, 2014, as part of a series of public consultations on the request by Porter Airlines. The TPA will attend and participate in this meeting.
