Federal, provincial governments sign funding agreement for long-term infrastructure investments
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EDMONTON – Federal Minister of Infrastructure and Communities, Amerjeet Sohi and Alberta Infrastructure Minister Sandra Jansen, announced on Tuesday (Apr 3) the signing of a bilateral agreement that will provide more than $3.3 billion in federal funding for Alberta, through the Investing in Canada plan over the next decade for infrastructure projects.
The projects will be cost-shared with the Alberta government, municipalities and other partners and will be carried out in conjunctoin with Alberta’s 2018 Capital Plan, which commits $26.6 Billion over five years, to support provinical priority infrastrusture projects.
Funding Distribution:
Under the Investing in Canada plan, the Government of Canada is investing more than $180 billion over 12 years in public transit projects, green infrastructure, social infrastructure, trade and transportation routes, and Canada’s rural and northern communities.
Under the first phase of the plan, Infrastructure Canada has approved nearly 3,500 projects across Canada worth a combined investment of more than $8.4 billion, including projects worth more than $1.1 billion in Alberta.
As part of the Plan, Infrastructure Canada will deliver $33 billion over the next decade through new bilateral agreements with provinces and territories under four funding streams:
— $20.1 billion for public transit;
— $9.2 billion for green infrastructure;
— $1.3 billion for community, cultural and recreational infrastructure; and
— $2 billion for wide-ranging infrastructure needs in rural and northern communities.
— The federal cost-share under the rural and northern infrastructure stream has been increased from 50 per cent to 60 per cent. With this increase, provincial communities with fewer than 5000 residents will be eligible to receive a higher proportion of federal funding to address their unique infrastructure needs. Indigenous communities in the provinces will be eligible for a federal cost share of up to 75 per cent.
