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Government announces details of Building Canada plan


February 13, 2014
By Rock to Road

February 13, 2014, Ottawa, Ont. – The Government of Canada
has announced additional details about the $53 billion Building Canada Plan.

February 13, 2014, Ottawa, Ont. – The Government of Canada
has announced additional details about the $53 billion Building Canada Plan.

According to the Infrastructure Canada website: 

“The New Building Canada Plan is the largest long-term
infrastructure plan in Canadian history, providing stable funding for a 10-year
period. It includes:

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  • The Community Improvement Fund, consisting of
    the Gas Tax Fund and the incremental Goods and Services Tax Rebate for
    Municipalities, will provide over $32 billion to municipalities for projects
    such as roads, public transit and recreational facilities, and other community
    infrastructure.
  • A $14 billion New Building Canada Fund, which
    consists of a $4 billion National Infrastructure Component that will support
    projects of national significance and a $10 billion Provincial-Territorial
    Infrastructure Component (PTIC) for projects of national, local or regional
    significance. $1 billion of PTIC is dedicated to projects in communities under
    100,000 residents.
  • An additional $1.25 billion in funding for the
    P3 (Public-Private Partnerships) Canada Fund. 
  • $6 billion in funding that continues to flow
    across the country this year and beyond under existing infrastructure programs.” 

For more information, visit infrastructure.gc.ca