Government of Canada Supports QEW Interchange Project Upgrades

MISSISSAUGA, ONTARIO--(Marketwired - July 20, 2015) - The Honourable Lisa Raitt, Minister of Transport, was joined today by the Honourable Steven Del Duca, Ontario Minister of Transportation, to announce joint funding for the Queen Elizabeth Way (QEW) - Dixie Road Interchange project under the New Building Canada Plan, to provide an easier and safer drive for the hundreds of thousands of motorists who travel along that highway every day.

This project will see a complete reconfiguration of the Dixie Road Interchange on the Queen Elizabeth Way (QEW), connecting Toronto and Mississauga. Both the Dixie Road bridge and the Ogden Road pedestrian bridge over the QEW will be replaced through this initiative.

The New Building Canada Plan is the largest and longest federal infrastructure plan in Canada's history.
This unprecedented commitment is providing $53 billion to support provincial, territorial and municipal infrastructure, between 2014 and 2024. Over this ten-year period, Ontario will benefit from approximately $11 billion in dedicated federal funding, including almost $2.7 billion under the New Building Canada Fund.

The provincial funding is part of the Ontario government's largest infrastructure investment in Ontario's history - more than $130 billion over 10 years, which will support more than 110,000 jobs per year on average, with projects such as roads, bridges, transit systems, schools and hospitals across the province.

Quick Facts

• The Government of Canada has selected this project for funding consideration of up to $32.5 million under the New Building Canada Fund's Provincial-Territorial Infrastructure Component-National and Regional Projects. This funding is conditional on the project meeting applicable federal eligibility requirements with respect to the New Building Canada Fund and the signing of a contribution agreement.
• The Government of Ontario will be responsible for all remaining costs of the project.
• The $53 billion New Building Canada Plan provides stable funding for a 10-year period, and includes:
  • The Community Improvement Fund, consisting of the Gas Tax Fund and the incremental Goods and Services Tax Rebate for Municipalities, which will provide over $32 billion to municipalities for projects such as roads, public transit and recreational facilities, and other community infrastructure.
  • The $14-billion New Building Canada Fund, which consists of:
    • The $4-billion National Infrastructure Component that will support projects of national significance; and
    • The $10-billion Provincial-Territorial Infrastructure Component for projects of national, regional and local significance. Of this amount, $1 billion for projects in communities with fewer than 100,000 residents through the Small Communities Fund.
  • An additional $1.25 billion in funding for the Public-Private Partnerships (P3) Canada Fund administered by PPP Canada.

Quotes

"Our Government's support for public infrastructure has never been stronger. We are pleased to work with the Province of Ontario to approve projects under the New Building Canada Plan, as we focus on creating jobs, promoting growth, and building strong, prosperous communities across Canada.
The QEW - Dixie Road Interchange project is an important initiative which will help improve safety and traffic flow by easing congestion and providing faster and more reliable travel and commute times on one of Ontario's busiest highways."

The Honourable Lisa Raitt

Minister of Transport

"Investing in QEW - Dixie Road is part of the government's plan to build Ontario up. The four-part plan includes investing in people's talents and skills, making the largest investment in public infrastructure in Ontario's history, creating a dynamic, innovative environment where business thrives, and building a secure retirement savings plan."

The Honourable Steven Del Duca

Minister of Transportation

Associated Links

To learn more about the New Building Canada Fund - Provincial-Territorial Infrastructure Component - National and Regional Projects, please visit http://www.infrastructure.gc.ca/plan/nrp-pnr-prog-eng.html.

For additional information on the New Building Canada Plan, visit http://www.infrastructure.gc.ca/plan/nbcp-npcc-eng.html.

To learn more about the Government of Canada's focus on jobs and the economy consult Canada's Economic Action Plan at http://www.budget.gc.ca/2015/home-accueil-eng.html.

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