Home » $40k to DOI for financial modelling

Posted: May 14, 2018

$40k to DOI for financial modelling

The Honourable Amarjeet Sohi, Minister of Infrastructure and Communities, and Jenny Gerbasi, President of the Federation of Canadian Municipalities (FCM) today announced over $3 million in funding for 50 new initiatives in communities across Canada through two programs: the Municipal Asset Management Program (MAMP) and the Green Municipal Fund (GMF).

The lone East Kootenay community included in the funding announcement is the District of Invermere, which will receive $40,000 for ‘long-term financial modelling.’

The Government of Canada believes that local leaders know best what their communities need and is committed to working with them to strengthen their infrastructure. Municipalities are implementing some of Canada’s most advanced green solutions, reducing Canada’s greenhouse gas emissions and supporting local priorities such as improving public transit, saving energy and improving waste management, a federal government press release stated.

“Investments in green infrastructure for projects such as the ones in North Okanagan and Cape Breton, help protect communities and support Canada’s ongoing transition to a clean, sustainable growth economy that will benefit Canadians for generations to come. With a clearer vision of their long-term needs, municipalities will be able to plan, build and maintain their infrastructure more strategically, which will make their infrastructure dollars go further,” said Sohi.

“FCM is proud to see these municipalities showing such commitment to building more resilient and sustainable communities. They are taking steps to strengthen decision-making on infrastructure spending, which has a major impact on the day-to-day lives of their residents. What’s even more encouraging is the exchange of knowledge and the scaling-up of green initiatives that will help us achieve national sustainability goals,” said Gerbasi.

“These projects showcase innovative green infrastructure and energy solutions that help Canada transition to a low-carbon economy. Through the Green Municipal Fund our government is proud to support projects that help communities become more sustainable and contribute to a better quality of life for all Canadians,” added Honourable Jim Carr, Canada’s Minister of Natural Resources.

The Municipal Asset Management Program is designed to help Canadian municipalities strengthen infrastructure investment decisions based on sound asset management practices. The program provides asset management training, funding and information sharing to enable municipalities to access the data needed to plan effectively. MAMP is a five-year, $50-million program, delivered by the Federation of Canadian Municipalities and funded by the Government of Canada.

Lead image: A view of part of Invermere from the Pineridge subdivision. Ian Cobb/e-KNOW photo

e-KNOW


Article Share
Author: