News
Government announces details of Building Canada plan

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:

• 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