Ottawa, ON – Dave MacKenzie, Member of Parliament for Oxford, 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 $53 billion 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 MP MacKenzie. “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.”
Economic Action Plan 2013 announced our Government’s historic investment plan for infrastructure, 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 $33 billion in stable, flexible and predictable funding across the country. In fact, $6 billion under existing programs will continue to flow to projects across the country this year and beyond, and municipalities are also receiving $2 billion a year through the federal Gas Tax Fund.
- The $53 billion New Building Canada Plan is the largest, long-term federal infrastructure plan in Canadian history, providing stable funding for a 10 year period.
- Over $32 billion 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.