The announcement will come Friday morning at the Hurdman Transitway in a ceremony to be attended by Infrastructure Minister Bob Chiarelli, Ottawa South MPP John Fraser, Ottawa Centre MPP Yasir Naqvi, Transit Commission chairman Stephen Blais and Mayor Jim Watson.
The closely guarded secret has the new funding tied to transit ridership in Ottawa and will be used to help fund light rail, the source said.
At present, the City of Ottawa and its funding partners are spending $2.3 billion on a downtown light rail line and the municipality is looking for more money to expand the line.
The funding announcement Friday in not tied to Phase 2 of the LRT plan.
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