Community Infrastructure Improvement Fund-Les Loisirs Montcalm Inc. Receives Funding From Government of Canada

QUÉBEC CITY, QUEBEC--(Marketwire - Jan. 22, 2013) - The Honourable Denis Lebel, Minister of Transport, Infrastructure and Communities and Minister of the Economic Development Agency of Canada for the Regions of Quebec, today announced that the organization Les Loisirs Montcalm Inc. will be granted financial assistance to improve and refurbish its existing buildings, which are accessible to the public.

"Our Government is pleased to announce today that it is supporting several excellent projects in Quebec," said Minister Lebel. "Families and communities throughout the province will benefit from these initiatives, which will stimulate economic growth and leave a legacy of sustainable community facilities for future generations."

The project is part of a long-term maintenance plan. Improvements will include restoring the masonry, replacing the exterior doors, frames and windows, re-roofing, renovating the washrooms and flooring, and various other work such as bringing the mechanical, fire alarm and ventilation systems up to standard.

Information:

This financial assistance, granted in the form of a $232,550 non-repayable contribution, has been awarded through the Community Infrastructure Improvement Fund.

The Community Infrastructure Improvement Fund (CIIF) is aimed at helping non-profit organizations and public and parapublic agencies finance projects to restore, upgrade or expand existing community infrastructure. With a national budget of $150 million over two years, the CIIF is in effect until March 31, 2014. In Quebec, the Economic Development Agency of Canada for the Regions of Quebec is responsible for administering the CIIF.

For more information, please see attached backgrounder.

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Backgrounder

Community Infrastructure Improvement Fund

The Community Infrastructure Improvement Fund (CIIF) is one of the many measures the Government of Canada has put in place, as it committed to doing, to foster economic growth, employment and prosperity in the country. Part of Canada's Economic Action Plan, the CIIF has a national budget of $150 million over two years. The Fund, which is in effect until March 31, 2014, is aimed at helping finance the restoration, upgrade or expansion of existing community infrastructure.

Implementation of the CIIF is entrusted to the federal regional development agencies. In Quebec, the Economic Development Agency of Canada for the Regions of Quebec is responsible for administering the CIIF and the $31.2 million budget allocated for the funding of these types of projects in the province.

Eligibility to the CIIF

Non-profit organizations and public and parapublic agencies

Eligible projects

Projects to restore, upgrade or expand existing community infrastructure

Conditions

• The existing community infrastructure must be open to the general public; access must not be restricted to private membership;
• Projects must be completed by no later than March 31, 2014.

Examples of eligible community infrastructure

• Community centres
• Recreational facilities
• Tourism infrastructure that generates local economic benefits

Ineligible projects

• Projects to build new community infrastructure
• Projects to restore community infrastructure for commercial or for-profit use

For further information on the Community Infrastructure Improvement Fund, visit www.dec-ced.gc.ca.