Swift Current, February 13th, 2014 – David Anderson, Member of Parliament for Cypress Hills-Grasslands, on behalf of the Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister for the Economic Development Agency of Canada for the Regions of Quebec, today highlighted important details of the $53B New Building Canada Plan.
These details, which relate to key elements of the New Building Canada Fund, provide provinces, territories and municipalities with the information they need to plan infrastructure projects in their jurisdictions. They include dedicated funding for small communities, Provincial-Territorial allocations, project categories eligible for support, cost-sharing thresholds and public-private partnership (P3) screening requirements.
“Our Government has proudly made unprecedented investments in Canada’s infrastructure since 2006. I am extremely happy to announce that we have now released specific details about the New Building Canada Plan,” explained David Anderson. “With the release of these details, our communities have the information needed to develop their local infrastructure priorities and start planning for the years ahead.”
“Through the original Building Canada Plan, infrastructure stimulus measures and other infrastructure initiatives, the federal government has supported over 43,000 projects in Canada that have created jobs and economic growth and contributed to a higher quality of life for Canadian families,” added Anderson.
Economic Action Plan 2013 builds on our Government’s historic infrastructure investments, with $70 billion for public infrastructure over the next decade, including the $53 billion New Building Canada Plan for provincial, territorial and municipal infrastructure. The New Building Canada Plan, which is expected to launch in Spring 2014, is the largest, long-term infrastructure plan in our nation’s history and it will continue to focus on projects that enhance economic growth.
In 2007, our Government provided $33B in stable, flexible and predictable funding across the country. In fact, $6B under existing programs will continue to flow to projects across the country this year and beyond, and municipalities are also receiving $2B a year through the federal Gas Tax Fund.
- The $53B New Building Canada Plan is the largest, long-term federal infrastructure plan in Canadian history, providing stable funding for a 10 year period.
- Over $32B is specifically available for municipalities through the permanent and indexed Gas Tax Fund and the incremental Goods and Services Tax Rebate for municipalities.
- The Government’s new Plan includes a $14 billion New Building Canada Fund, which will have $10 billion for provinces and territories (with $1 billion directed to small communities under 100,000) and $4 billion for projects of national significance.
- Through the P3 Canada Fund, $1.25B in new funding is available.
For additional information, please contact:
David Anderson, MP
Ottawa (613) 992-0657
Saskatchewan (306) 778-4480