
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
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