New Building Canada Plan – Open for Business

March 28, 2014

New Building Canada Plan – Open for Business

 

Ottawa, ON – Recently, 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, announced that the $53 billion New Building Canada Plan is now “open for business”.

 

The New Building Canada Plan will provide provinces, territories and municipalities with the information and funding they need to plan infrastructure in their jurisdictions. The details of the fund include dedicated funding for small communities, Provincial-Territorial allocations, project categories eligible for support, cost-sharing thresholds and public-private partnership (P3) screening requirements.

 

With $53 billion allocated to infrastructure, the New Building Canada Plan is the largest long-term federal infrastructure plan in Canadian history, providing stable funding for a 10 year period. Furthermore, over $32 billion is specifically available for municipalities through permanent and indexed Gas Tax Fund and the incremental Goods and Services Tax Rebate for municipalities.

 

“I am very pleased that the New Building Canada Plan is now open for municipalities to apply for funding. This funding will go a long way in improving and developing infrastructure in communities throughout Bruce and Grey counties and indeed across the country,” said Miller. “Having long-term and stable infrastructure funding is very important for Canadians at all levels of government. This is certainly a welcome announcement for all.”

 

The website for the fund has been modified and information on how to apply is no available at; http://www.infrastructure.gc.ca/plan/plan-eng.html.

 

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