News
Funding Announced for Ontario Infrastructure Projects

November
6, 2012, Toronto, ON – The governments of Canada and Ontario has announced joint
plan to invest more than $220 million in initiatives to improve bridges,
highways, roads, wastewater infrastructure, disaster mitigation and cultural
sites.

November
6, 2012, Toronto, ON – The governments of Canada and Ontario has announced joint
plan to invest more than $220 million in initiatives to improve bridges,
highways, roads, wastewater infrastructure, disaster mitigation and cultural
sites. The funds come as a result of the Building Canada Plan, which is a
partnership between Canada and Ontario to provide strategic funding for
priority infrastructure needs.

Among those
primary infrastructure needs that will be addressed with the funding is
rehabilitation for bridges on a stretch of Highway 403 spanning from Highway 2
at Duff’s Corners to Mohawk Road in Hamilton, which will receive a joint
investment of up to $30.5 million in total eligible costs toward these
improvements. These initiatives were identified in Ontario's
2012-13 Capital Plan under the Provincial-Territorial Base Fund. Funding
has also been provided for rehabilitation of the Highway 403 bridge over the
Grand River west of Brantford, with joint funding of $10.7 million provided for
that project.

The
announcements also included funding for major roadwork in the Barrie area. Through
the Provincial-Territorial Base Fund, the governments of Canada and Ontario are
providing a joint investment of up to $41.9 million, which also includes a
municipal contribution, towards eligible costs for the Highway 400 and
Duckworth Interchange and the widening and realignment of Duckworth Street and
Cundles Road.

In total,
19 projects across Ontario received funding as part of the $220 million joint investment.