From the Ottawa Sun:
"This historic investment in Ottawa's public transit infrastructure demonstrates the Government of Canada's commitment to building sustainable and healthy communities," said Baird in notes prepared for the announcement. "With this funding, I expect that the City will work towards a practical and affordable plan to serve the needs of the residents of Ottawa."
The pledge comes six months after the Ontario provincial government committed their $600M share, meaning the City has funding for $1.2B of the $2.1B project--and now needs to find ways to fund the remaining $900M on its own. Some councillors--including Transit Committee chair and 2010 mayoral candidate Alex Cullen--are confident that the contingencies in place mean that won't be a problem, but another mayoral candidate (Jim Watson) continues to question whether or not Ottawa can afford the downtown tunnel that the plan is built around.
The $600M federal and provincial funding pledges were based on preliminary cost estimates of $1.8B, which has gradually risen to the current estimate of $2.1B. Although some had hoped that the federal commitment would help Ottawa fund that overrun at least to some degree, it is still reassuring that the city now has both funding partners on board with a true pledge that carries a dollar figure with it.