Cool i read about this in the newspapers this morning And with the gas jumping up 20ish dollars per barrel i think 11 billion would be worth spending on it
check it out... if approved every thing should be done in the next 4-10 years...
Basically when the TTC is getting the new trains, and LRT for a few places, and new streetcars

it is also when VIVA should have their designated lanes on many or all routes

All info is at this site:
http://www.metrolinx.com/default.aspx