WATCH: Province plans to push forward with HOV lanes on 401, lays out part of funding plan

Finance minister looks to sale of GM shares, assets to fund infrastructure projects....

The province is ready to move ahead with HOV lanes on the 401 and a new four-lane alignment to highway 7 west of Guelph. 

And its looking into the sale of assets to pay for these and other infrastructure projects. 

The finance minister is eyeing buildings such as LCBO headquarters and the OPG building. 

He is also planning to sell government shares of General Motors, the revenue would then be put into the Trillium Trust, a fund set up for infrastructure projects. 

Charles Sousa made the announcements at a lunchtime speech to the Economic Club of Canada today. 

Sousa says the province will set up a panel to "optimize financial performance" of agencies like the LCBO, Hydro One and OPG. 

However, Sousa says he won't rush things the panel is examining and doesn't count on revenue from the sale of these assets this year. 

HOV lanes had been planned on highways like the 401 for the 2015 Pan Am Games, in order to move athletes and spectators around. This announcement implies they will be a permanent fixture. 

Leave a comment:

showing all comments · Subscribe to comments
  1. Frankie posted on 04/11/2014 04:18 PM
    Based on current HOV lanes this'd be another stupid idea from the Liberals. HOV lanes make sense in rush hour. Why should the lanes continue during non-rush hour times? Idiotic, same stupid principle as dedicated streetcar lanes that cars can't use during non-rush hours.

    They should get off their lazy asses and look at what's done in US states where HOV lanes have set times, and also allow people in/out of the lanes anywhere vs having solid lines most of the distance, another moronic idea brought to you by the incompetent Liberals.
    1. contiki posted on 04/11/2014 07:36 PM
      @Frankie I agree with you whole heartedly. I would go one step further and have the HOV lanes in use only during the Pan Am Games and revert to regular lanes afterwards.
  2. Walter posted on 04/11/2014 04:18 PM
    I remember when the Pan Am traffic plans were announced recently. It was something like $100M being spent for one month of traffic measures.
    At the time some where cynical and thought the Liberals would use it as an excuse to bring in HOV or HOT lanes. I guess they were right.
  3. Brief and to the Point posted on 04/12/2014 06:15 AM
    401 HOV Lanes- stupid.
    Selling off useless stuff - smart.
    Using money from those sales for the HOV lanes - really stupid.
showing all comments

Sign Up For Breaking News Alerts

Becoming a member only takes 60 seconds! Members get access to exclusive information and products that non-members do not, including concert ticket presales, trips, advance notice on upcoming entertainment events, movie screening passes, music giveaways and more!

Login with Facebook

Top Stories

Today's Poll

Toronto has one team in the playoffs. The Raptors begin their quest for NBA glory. How far do you think they'll go?

Voting is restricted to one vote every 24 hour(s) VoteResults


Stay connected 24/7! Receive breaking news and programming alerts right to your inbox. CLICK HERE to sign-up.