Toronto Port Authority and City of Toronto reach "macro solution" to a wide
variety of outstanding issues

Settlement helps propel Toronto's 'Transit City' initiative and marks new era of co-operation between City and TPA

TORONTO , Nov. 25 /CNW/ - The Toronto Port Authority ("TPA") announced today that on November 23, 2009 , its Board of Directors approved a draft agreement whereby the TPA and the City of Toronto have agreed, subject to the approval of Toronto City Council, to settle a wide variety of legal and administrative issues between the two organizations.

During the summer of 2008, the TPA Board of Directors began an initiative to resolve every dispute between the TPA and the City of Toronto , some of which had been outstanding since the TPA was created in 1999.

"On behalf of the TPA Board of Directors, I want to thank Toronto Mayor David Miller and his team for working with us to resolve a long list of issues in such a constructive manner," said Mark McQueen, Chairman of the TPA Board of Directors. "This macro solution is the culmination of a very positive dialogue with the Mayor's team, key Councillors and senior City staff over the past 12 weeks, and we are delighted with the outcome. The TPA is looking forward to putting past conflicts with the City behind us and beginning a new era of co-operation."

The Toronto Port Authority was incorporated on June 8, 1999 , as a government business enterprise under the Canada Marine Act as the successor to the Toronto Harbour Commissioners. It is a federal public authority providing transportation, distribution, storage and container services to businesses. The TPA owns and operates the Billy Bishop Toronto City Airport, Marine Terminals 51 and 52, and the Outer Harbour Marina. The TPA also provides regulatory controls and public works services to enhance the safety and efficiency of marine navigation and aviation in the port and harbour of Toronto .

Further information about the TPA is available on the TPA website at www.torontoport.com.

For further information: Janet MacDonald, Toronto Port Authority, [phone]