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Nearly $1.2 billion to be invested in Port Lands flood protection plan

from CP24

The federal, provincial and municipal governments will jointly invest nearly $1.2 billion to protect the Port Lands from flooding over the next seven years. It's part of a larger plan to unlock an estimated 240 hectares of prime waterfront real estate for redevelopment. Prime Minister Justin Trudeau, Premier Kathleen Wynne and Mayor John Tory made the announcement at the foot of Polson Street. Under the funding arrangement, the federal government will contribute $384 million of the $1.185 billion cost while the Province of Ontario and the City of Toronto will each chip in $400 million. more

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