EDMONTON, ALBERTA--(Marketwired - March 18, 2014) - Minister Tim Uppal spoke today before the Alberta Association of Municipal Districts and Counties on the New Building Canada Plan and what it means for Alberta.
The New Building Canada Plan builds on the Government's unprecedented investments in infrastructure. In 2007, the Government of Canada introduced the seven-year, $33-billion Building Canada Plan, which provided stable, flexible and predictable funding across the country. The Government of Canada continues with historic investments for public infrastructure with $70 billion over the next decade, including the $53 billion New Building Canada Plan for provincial, territorial and municipal infrastructure that enhances economic growth, job creation and productivity.
The Minister also mentioned that the federal government continues to boost international commercial ties through the historic Free Trade Agreement with the Republic of Korea, which was recently announced by the Prime Minister. The Canada Korea Free Trade Agreement, Canada's first with an Asian market, will create thousands of new jobs in Canada and provide Canadian businesses and workers with a gateway to Asia, enhancing their global competitiveness. South Korea is already Alberta's fifth-largest export destination, with exports from 2010 to 2012 worth an annual average of approximately
Under the New Building Canada Plan, the province of Alberta is set to receive over $3.2 billion in dedicated federal funding over a ten year period.
The Government of Canada's commitment to small communities has never been stronger. Under the New Building Canada Plan, $1 billion in funding will be made available to municipalities with fewer than 100,000 residents through the Small Communities Fund of the Provincial-Territorial Infrastructure Component.
Overall under the New Building Canada Plan, $33.2 billion is dedicated solely to municipal infrastructure. This represents approximately 70 per cent of total New Building Canada Plan funding.
"We are proud to support economic growth in Alberta. Since 2006, the province has benefited from more than $3 billion in infrastructure improvements through combined investments under federal infrastructure programs. These projects have led to an improved quality of life for Albertans and ensured the continued economic prosperity of the province."
Minister Tim Uppal, Minister of State (Multiculturalism)
- The New Building Canada Plan
- New Building Canada Plan: Alberta
- Canada's Economic Action Plan 2013: The New Building Canada Plan
- Infrastructure Canada: Programs
Since 2006, investments of over $1.45 billion under the Building Canada Fund, the Provincial-Territorial Base Fund, and the Infrastructure Stimulus Fund have assisted the Government of Alberta and its municipalities to make infrastructure improvements for the benefit of all Albertans. Municipalities have also benefited from over $1.21 billion provided to Alberta through the federal Gas Tax Fund. Combined with investments under other federal infrastructure programs, Alberta has benefited from over $3.3 billion for infrastructure improvements across the province.
The New Building Canada Plan builds on the Government's unprecedented investments in infrastructure. Through the $53-billion New Building Canada Plan, over $32 billion is specifically available for municipalities through the renewed federal Gas Tax Fund and the incremental Goods and Services Tax Rebate for municipalities. The federal Gas Tax Fund transfer will provide permanent, indexed funding directly to Alberta municipalities and the renewed fund features expanded categories to allow for greater flexibility in project selection.
According to Statistics Canada, the average age of Alberta's infrastructure has declined by 2.3 years since 2006 to 14 years in 2012.
Under the New Building Canada Plan, the province of Alberta is set to receive over $3.2 billion in dedicated federal funding over a ten-year period.
Alberta also stands to benefit from $4 billion available for projects of national significance, $1.25 billion in additional funding available for P3 projects and $10.4 billion via the GST Rebate, which provides municipalities across the country with additional resources to address their infrastructure priorities.
While the New Plan is expected to launch very soon, our existing federal infrastructure programs will continue to support over 3,000 ongoing or new infrastructure projects across Canada during 2014 alone. This is over and above the new projects approved under the New Building Canada Plan over the course of the year.
In Alberta, federal funding is flowing to hundreds of projects being funded through the federal Gas Tax Fund, plus a number of ongoing major infrastructure projects under other ongoing funding programs including Mount Royal University's New Conservatory and the Fort Calgary Expansion.