wow...
Herewith my reactions:
First of all, this is a tremendous step forward and if even half of these initiatives get finished things will have progressed by leaps and bounds. But I have a few concerns...first, there is simply no way that these can be completed by 2020 without massive overhaul of the EA process--many of the biggest projects here have never had an EA done, or have them expired. For example a crosstown GO service--did GO even know that this was coming? There is certainly no valid EA for that. I would love to see that line electrified to create a de facto S-Bahn, with lots of intermediate stops in the city.
The City of Toronto should be kicking itself for not including an east-west downtown LRT tunnel in Transit City, since it would no doubt have been funded. Perhaps it's not too late to 'amend' transit city with a King or Queen LRT tunnel, with the city offering a 1/3 share as a sweetener.
A look at the map illustrates the strange obsession with NW Scarborough--it's practically solid red up there.
All in all, though, this is huge announcement--it will be very, very hard for Harper not to step in with the federal portion, since McGuinty has--wisely--spread the projects around a huge number of ridings, many of them ripe targets for the federal Tories.