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The Ontario government will partner with a private company to build a new GO Transit station at the Woodbine Racetrack in Toronto.

Woodbine Entertainment – which owns the current racetrack and casino complex – will pay for the design and development of the new GO station, which will be on a rail line connecting Toronto and Kitchener.

The company estimates the project will cost between $75-million and $90-million and could not immediately give a date for its completion.

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Transportation Minister Jeff Yurek says the deal will allow the province to build new transit at no cost to taxpayers.

The station will be located at Woodbine and Highway 27 and will replace the aging Etobicoke North station.

The company estimates the project will create 4,500 jobs.

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