Finance Minister Bill Morneau announced this afternoon that Ryerson will receive more than $30 million of federal infrastructure funding.
MPP for Trinity-Spadina Han Dong also announced that Ryerson will receive an additional $4.7 million from the province bringing the total to $36.6 million.
The announcement was made Thursday afternoon at Ryerson’s Launch Zone as part of the government’s Post-Secondary Institutions Strategic Investment Fund.
“Canada has some of the strongest post-secondary institutions like Ryerson University. It’s time we invest more in innovation,” said Morneau.
The funding will be used to improve Ryerson’s infrastructure capabilities, enhance research and lab space and encourage collaboration with researchers.
$19.8 million will support the redevelopment and construction of the Centre for Urban Innovation (CUI) at 44 Gerrard Street East, a new state of the art lab and fabrication space.
$16.7 million of the funds will be used to renovate labs in Kerr Hall which are used by the Faculty of Science, the Faculty of Engineering and Architectural Science, and the Faculty of Communication and Design.
— Isabelle Docto (@IsabelleDocto) September 29, 2016
With files from Ryersonian’s Isabelle Docto