GATINEAU, QUEBEC--(Marketwired - Sept. 27, 2013) - 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, met today with the Provincial and Territorial Ministers Responsible for Local Government to officially launch discussions for the new Gas Tax Fund agreements and discuss the New Building Canada Plan announced as part of Economic Action Plan.
"I am very excited about the formal launch of discussions under the renewed Gas Tax Fund," said Minister Lebel. "Our discussions today were very informative and productive, and will help us to have the new Gas Tax Fund agreements in place by April 1, 2014. This will ensure that the funding will continue to flow twice a year under the program."
Economic Action Plan 2013 builds on the Government of Canada's existing infrastructure investments and includes the $53 billion New Building Canada Plan to build roads, bridges, subways, commuter rail, and other public infrastructure in co-operation with provinces, territories, and municipalities over 10 years, starting in 2014-15.
Included under the New Building Canada Plan is the renewed Gas Tax Fund, which will be indexed at 2 per cent per year, with increases to be applied in $100 million increments. Over the 10-year life of the plan from 2014 to 2024, the Gas Tax Fund will represent close to $22 billion in funding for municipalities.
"Our Government is delivering the largest, long-term infrastructure plan in Canadian history. And we're excited for what it means for the future of Canadian communities," said Minister Lebel. "We have a flexible plan, and we are not imposing a made-in-Ottawa solution. The New Building Canada Plan is for your infrastructure priorities in your communities."
Through the original Building Canada plan, infrastructure stimulus measures and other infrastructure initiatives, the federal government has supported over 43,000 projects in Canada that have created jobs and economic growth and contributed to a higher quality of life for Canadian families. The New Building Canada Plan, combined with other federal infrastructure investments, supports Canada's infrastructure advantage, which is a key enabler of economic growth and job creation.
"Our Government recognizes that our infrastructure investments are helping to create jobs, stimulate the economy and provide safer public infrastructure in every city and community across Canada," said Minister Lebel. "I was pleased to speak today with the Provincial and Territorial Ministers Responsible for Local Government and I look forward to working with our provincial and territorial partners to finalize the new agreements for the Gas Tax Fund."
For additional information about investments in infrastructure and to stay up-to-date with Web feeds, visit www.infrastructure.gc.ca, or follow us on Twitter @INFC_eng.
For further information about Canada's Economic Action Plan, visit www.actionplan.gc.ca.