Mayor John Tory explains why he wants road tolls to fund new transit projects

Toronto Mayor John Tory has announced plans to introduce road tollsGardiner Expressway and Don Valley Parkway to raise millions for new transit projects.

• Mayor John Tory endorses tolls for 2 major Toronto highways

The toll of $2 a vehicle could raise as much as $200 million a yearall earmarked for transit, a source at city hall told CBC Toronto.

Tory explained why he supports road tolls at the Toronto Region Board of Trade.

Follow our live blog of Tory's speech below.

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