LRT construction could begin within five years if local, provincial, and/or federal funding is identified, similar to the package triad put in place for Toronto.
The Mississauga plan is part of Metrolinx's regional transit plan, labeled The Big Move, presented Thursday to the Toronto Board of Trade. The Big Move would invest C$50 billion over a 25-year period.
The Mississauga LRT project would link Port Credit, located on Lake Ontario, with downtown Mississauga and roughly northwest to downtown Brampton, Ontario.
The City of Mississauga has already started the design, engineering, and environmental assessment studies, according to local media. Mississauga Mayor Hazel McCallion has warned that the city's share for the project will require some form of tax or user fee.
Other projects that are part of The Big Move include two new subway lines in Toronto, light rail transit in Hamilton and Brampton, and GO Transit improvements.
Metrolinx on Wednesday signed an accord with Toronto to advance LRT in Canada's largest city.