MP urges consideration of Building Canada Fund
Denis Lebel, Minister responsible for Infrastructure Communities and Intergovernmental Affairs, has announced the launch of the New Building Canada Fund, ahead of schedule.
This means that the entire New Building Canada Plan is now ‘open for business.’
“The Build Canada Fund will benefit municipalities, post-secondary institutions, not for profit and for profit groups,” said Kootenay-Columbia MP David Wilks. “I encourage everyone to examine the opportunities available.”
The New Building Canada Fund, a key element of the $53 billion New Building Canada Plan, supports infrastructure projects of national, regional and local significance that promote job creation, economic growth, and productivity. It is the largest and longest federal infrastructure plan in our nation’s history.
With the March 29 launch, provinces, territories and municipalities may now apply for funding under the fund.
At the following link, you will find our revamped website and all relevant information on how to apply for each program under the fund: http://www.infrastructure.gc.ca/plan/plan-eng.html
Unlike the Liberals when they were in government, the Conservative Government is committed to delivering long-term, predictable funding for Canada’s infrastructure, Wilks added.
Further details on how to submit a project for consideration under the New Building Canada Fund are available on Infrastructure Canada’s website.
Under the $53 billion New Building Canada Plan, provinces, territories and municipalities will continue to have access to federal support for their infrastructure project priorities over the next decade. They will benefit from investments made through:
The $4 billion National Infrastructure Component and the $10 billion Provincial-Territorial Infrastructure Component which will support national, regional and local projects, including the Small Communities Fund for projects in communities with fewer than 100,000 residents.
The Community Improvement Fund, consisting of the Gas Tax Fund ($21.8 billion) and the incremental Goods and Services Tax Rebate for Municipalities ($10.4 billion), which will provide over $32 billion to municipalities for community infrastructure.
There is $1.25 billion in funding for the P3 (Public-Private Partnerships) Canada Fund and $6 billion in existing funding that continues to flow across the country this year and beyond under current infrastructure programs.