What's New
174 British Columbia infrastructure projects to be funded
Governments Partner to Create Jobs, Stimulate Economy
VANCOUVER (Sept. 24) - The Governments of Canada
and British Columbia announced 174 infrastructure projects across
the province valued at just under $719 million.
The announcement represents a partnership between
the federal, provincial and municipal governments which allows the
Province of British Columbia to leverage every available dollar
under the federal government infrastructure programs.
Today’s announcement represents a contribution of $244 million
from the Government of Canada, $233 million from the province of
British Columbia, and the remainder from local governments.
The funding is being delivered through two
important programs:
- The Infrastructure Stimulus Fund
was introduced by the Government of Canada in
collaboration with all levels of government to unleash
infrastructure projects across Canada provided they are
completed by March 31, 2011.
Today, 90
local government and provincial projects were announced in British
Columbia totalling $343 million, which represents $128
million from the Government of Canada, $119 million from the
province of British Columbia, and the remainder from local
governments.
Today's announcement is in
addition to $290 million announced through the Stimulus Fund on
April 7, 2009 for numerous projects across the province.
- Secondly, the Communities
Component, under the Building Canada Fund,
allows the Government of Canada and provinces and territories to
invite communities with populations of less than 100,000 to
apply for infrastructure projects.
This year, the Government of
Canada “topped up” this fund and provided additional funding to
communities of this size.
Today, a
total of 84 projects were announced totalling
$376 million, which represents $117 million from the
Government of Canada, $117 million from the province of British
Columbia, and the remainder from local governments.
Today’s announcement builds on
the
announcement on March 13, 2009 of $48 million in joint funding
for 161 community infrastructure projects under Towns for Tomorrow
and LocalMotion.
There are more
than $632 million in community projects, the largest single
announcement for community infrastructure projects in British
Columbia history. In addition, there are almost $87 million in
provincial projects that will directly benefit communities.
In addition, the Government of Canada has set aside up to $70
million under the Infrastructure Stimulus Fund for projects in the
City of Vancouver. The federal government is currently working
closely with the city to identify appropriate projects, and
announcements will be made shortly.
Further
announcements will be made in the near future for the remaining
Infrastructure Stimulus Fund allocation in British Columbia.

- Read the Sept. 24, 2009 Canada-BC
news release and backgrounder.
- Visit Canada's Economic Action Plan "Building Communities"
website.
- Read the April 4, 2009
information bulletin on sewer, water and transportation
projects jointly funded by the federal and provincial
governments during the first intake of Building Canada -
Communities Component.
- Read the
July 8, 2008 Canada-BC
news release and
backgrounder.
- Visit the Canada-BC Building
Canada Fund - Communities Component
website.
|