According to the NDP press release:
Although Ottawa's not really in the market for 324 new buses (the plans are moving towards light-rail more than rapid buses), federal funding is always welcome for public transit. An article about the pledge appeared in the Ottawa Sun on Sept. 3, but didn't really add much to the story.
“For Ottawa alone, our plan to dedicate one cent per litre of the federal gas tax to transit would mean $73.6 million over four years,” said Layton. “And Ottawa’s share of the transit revenue from our cap-and-trade plan would mean an additional $64.3 million over four years.”
This is new money that can be used for various local transit priorities – this could mean things like new vehicles, improved security or lower fares. For example, the NDP investment of $137.9 million over four years is the equivalent of purchasing as many as 324 new buses for Ottawa.