Infrastructure Canada

Infrastructure Canada

February 26, 2014 10:14 ET

New Building Canada Fund - Next Steps

OTTAWA, ONTARIO--(Marketwired - Feb. 26, 2014) - Prime Minister Stephen Harper recently released details of the $14B New Building Canada Fund, a key component of the $53 billion New Building Canada Plan.

Now that the details on the New Building Canada Fund have been announced, the Minister of Infrastructure, Communities and Intergovernmental Affairs will continue to work with provinces, territories, the Federation of Canadian Municipalities and other stakeholders to seek input on outstanding program details. This work will inform development of the New Building Canada Fund in areas such as the application process, P3 screening requirements, and the delivery of the Small Communities Fund.

This engagement is a continuation of the work we started with partners and stakeholders in 2012, when Infrastructure Canada launched cross-country consultations to gather input on a long-term infrastructure plan. Over the course of 14 roundtable discussions with partners and stakeholders, the Government of Canada listened to ideas for a new plan.

The Government of Canada remains committed to working with partners and stakeholders on the best way to support our country's national, regional and local objectives through infrastructure investments. Ongoing engagement has resulted in programs that have made Canada a better place in which to work and live. Since 2006, Canada as a whole has invested record amounts in public infrastructure.

We are committed to ensuring a seamless transition from the 2007 Building Canada Plan to the New Building Canada Plan and will be in a position to accept proposals under the new Plan by March 31, 2014.

Quick Facts

  • The new $53B Building Canada Plan is the largest, long-term infrastructure plan in Canadian history providing stable funding for a 10 year period.
  • Over $32B is specifically available for municipalities through the renewed federal Gas Tax Fund and the Goods and Services Tax Rebate for municipalities.
  • The Government's Plan includes a $14B New Building Canada Fund, which will have $10B for provinces and territories for projects of national, regional and local significance (with $1B directed to small communities with populations under 100,000) and $4B for projects of national significance.
  • Through the P3 Canada Fund, $1.25B in new funding is available.
  • The New Building Canada Plan will not require framework agreements with provinces and territories, which should avoid lengthy negotiations and delays in the implementation of the New Building Canada Fund.

Quotes

"As the Minister Infrastructure, Communities and Intergovernmental Affairs, I am very proud of the achievements that have been made possible through partnerships with our provincial, territorial and municipal counterparts."

"The new $53B Plan is the largest, long-term infrastructure plan in our nation's history. It continues the tradition of infrastructure investment by supporting projects that allow economic growth, job creation and productivity across Canada."

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

Twitter: @INFC_eng

Contact Information

  • Michele-Jamali Paquette, Director of Communications
    Office of the Minister of Infrastructure
    Communities and Intergovernmental Affairs
    Minister of the Economic Development Agency of Canada
    for the Regions of Quebec
    613-943-1848

    Infrastructure Canada
    613-960-9251
    Toll free: 1-877-250-7154