Government of Canada to Support Major Arterial Roads Project in Cape Breton

CAPE BRETON, NOVA SCOTIA--(Marketwired - July 16, 2015) - Infrastructure Canada

Federal, provincial and municipal officials gathered today to announce that the Government of Canada has identified Phase 2 of Cape Breton Regional Municipality's Arterial Roads Rehabilitation project for funding consideration of up to $800,000 under the New Building Canada Plan in Nova Scotia.

Announcing the funding was the Honourable Lisa Raitt, Minister of Transport and Member of Parliament for Halton, on behalf of the Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec. She was joined by the Honourable Geoff MacLellan, Nova Scotia Minister of Transportation and Infrastructure Renewal, and Cecil Clarke, Mayor of the Cape Breton Regional Municipality.

This project consists of resurfacing sections of five different roads in two different communities: South Street and Commercial Street in Glace Bay; and Sydney Port Access Road, Esplanade and Kings Road in Sydney.

Arterial roads are the backbone of the community and key to sustaining commercial, commuter, emergency-response and tourist activities. Rehabilitating the roads will extend their service life by more than 12 years and support efforts to manage traffic circulation more effectively.

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 from 2014-24.

Over this ten-year period, Nova Scotia will benefit from approximately $1 billion in dedicated federal funding, including almost $426 million under the New Building Canada Fund.

Quick Facts

• The Government of Canada has selected this project for funding consideration of up to one third of the eligible costs, to a maximum of $800,000, under the New Building Canada Fund's Provincial-Territorial Infrastructure Component-National and Regional Projects. This funding depends on the project meeting federal eligibility requirements under the New Building Canada Fund and the signing of a contribution agreement.
• The Government of Nova Scotia will also contribute one third of the project costs, up to $800,000.
• The Cape Breton Regional Municipality will be responsible for the remaining costs of the project, estimated to total $2,400,000.
• 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

"With the New Building Canada Fund, our Government's support for public infrastructure has never been stronger. We are pleased to work with the Government of Nova Scotia to approve projects under the New Building Canada Fund. Investing in the Arterial Roads Rehabilitation Program will ensure that infrastructure funding continues to flow as we focus on creating jobs, promoting growth, and building strong, prosperous communities across Canada."

The Honourable Lisa Raitt, Minister of Transport and Member of Parliament for Halton, on behalf of the Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec

"The New Building Canada Fund provides a tremendous boost for infrastructure improvements in communities across the province, including CBRM. In addition to jobs that this work will provide, it also shows our commitment to a strong community. We will continue to work collaboratively with our federal and municipal colleagues."

The Honourable Geoff MacLellan, Nova Scotia Minister of Transportation and Infrastructure Renewal

"This project is yet another phase of our Capital Plan that is making a difference for positive change in our communities. We look forward to working with the Federal Government with the New Building Canada Fund and the Province of Nova Scotia to continue serving the needs of our communities."

Cecil Clarke, Mayor of the Cape Breton Regional Municipality

Associated Links

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

Get more information on the New Building Canada Plan: http://www.infrastructure.gc.ca/plan/nbcp-npcc-eng.html.

Consult Canada's Economic Action Plan to learn more about the Government of Canada's focus on jobs and the economy: http://www.budget.gc.ca/efp-peb/2014/home-accueil-eng.html.

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