Search form


Become a Member Today Sign Up

Infrastructure Canada: Long-Term Investments

Infrastructure Canada: Long-Term Investments

Modern, efficient community infrastructure contributes to a high quality of life by helping connect people to jobs, improve water systems, and support new business opportunities. Investing in infrastructure is vital to creating middle class jobs today and sustained economic growth for years to come. 

Today, the Honourable Amarjeet Sohi, Minister of Infrastructure and Communities, sent letters to his provincial and territorial counterparts, as well as to the Federation of Canadian Municipalities to provide additional details about the Government of Canada’s long term infrastructure plan and to open negotiations to reach bilateral agreements with each province and territory. The funding provided through these bilateral agreements will improve commutes by supporting public transit systems, make our communities healthy and livable through green infrastructure investments, encourage inclusiveness through access to community, cultural and recreational spaces, and boost the quality of life in rural and northern communities. 

The integrated bilateral agreements will streamline funding delivery and help ensure that federal investments support national objectives. The agreements will provide the flexibility for provinces, territories and municipalities to propose their investment priorities in infrastructure. 

These new infrastructure investments are the next phase of the Investing in Canada plan which aims to create long-term economic growth, build inclusive communities and support a low carbon, green economy. 

The note also says that the federal government will contribute up to 40 per cent of the cost of eligible projects but the provinces must chip in at least 33 per cent. The letter also states that any eligible project must improve the Canadian economy as a whole and not just be of benefit locally.

Quick Facts

The Government of Canada is making historic $180-billion investments in infrastructure to support public infrastructure across the country over 12 years. 

As part of the Plan, $33 billion will be delivered through bilateral agreements with provinces and territories under four funding streams: 

- $20.1 billion for public transit;

- $9.2 billion for green infrastructure;

- $1.3 billion for community, cultural and recreational infrastructure; and

$2 billion for wide-ranging infrastructure needs in rural and northern communities. In addition, the $400 million Arctic Energy Fund

 

Source: https://www.canada.ca/en/office-infrastructure/news/2017/07/canada_launches_negotiationswithprovincesandterritoriesforlongte.html

http://www.cp24.com/news/federal-infrastructure-funding-contingent-on-on...