Infrastructure Canada

Infrastructure Canada
Canada's Economic Action Plan

Canada's Economic Action Plan

September 29, 2014 19:30 ET

Parliamentary Secretary Peter Braid Highlights Government of Canada's Support for Infrastructure to the Ontario Construction Secretariat

OTTAWA, ONTARIO--(Marketwired - Sept. 29, 2014) - Peter Braid, Parliamentary Secretary for Infrastructure and Communities and Member of Parliament for Kitchener-Waterloo, spoke today at the Ontario Construction Secretariat Annual General Meeting regarding the New Building Canada Plan, the renewed federal Gas Tax Fund Agreement for Ontario and what they mean for municipalities across Ontario.

The New Building Canada Plan is the largest and longest federal infrastructure plan in Canada's history. This unprecedented commitment will provide $53 billion over the next decade to support provincial, territorial and municipal infrastructure that enhances economic growth, job creation and productivity.

As part of the New Building Canada Plan, the renewed federal Gas Tax Fund (GTF) provides predictable, long-term, stable funding for Canadian municipalities to help them build and revitalize their local public infrastructure while creating jobs and long term prosperity.

Since 2006, significant improvements have been made to the GTF. The GTF has been extended, doubled, indexed and made permanent, and the eligible categories have been expanded, providing municipalities with more flexibility than ever before to support local infrastructure. By enshrining these commitments in legislation, municipalities are assured of an ongoing funding stream to address their municipal infrastructure needs and priorities.

Quick Facts

  • 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, which will support projects of national significance; and

      • The $10-billion Provincial-Territorial Infrastructure Component, which will support projects of national, regional and local significance. Of this amount, $1 billion is reserved 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; and,
    • $6 billion in funding that continues to flow across the country this year and beyond under existing infrastructure programs.

  • For Ontario, the New Building Canada Plan represents approximately $11 billion in dedicated federal funding, including more than $2.7 billion under the New Building Canada Fund and an estimated $8.12 billion under the federal Gas Tax Fund.*

*NOTE: GTF funding by jurisdiction for the first five years (2014-2019) is based on 2011 Census data. GTF funding for 2019-2024 will be based on 2016 Census data. For illustrative purposes, Census 2011 data has been used for all 10 years. Due to the indexation of the GTF, funding for 2019-2024 is expected to be at least equal to GTF funding for the first five years.

Quotes

"Through the New Building Canada Plan, our government is proud to provide municipalities with flexible infrastructure funding that allows them to support projects that address the needs of their community. This demonstrates our government's promise to support infrastructure that encourages job creation, economic growth and contributes to the quality of life of all Ontarians."

- Peter Braid

Parliamentary Secretary for Infrastructure and Communities, and Member of Parliament for Kitchener-Waterloo

"Investments in needed public infrastructure projects are an excellent way of creating jobs and apprenticeship training opportunities in the skilled construction trades, while also improving the long-term competitiveness of Ontario's economy. Ontario's unionized ICI construction industry is eager to work with governments at all levels to ensure that these investments deliver excellent value for communities across Ontario."

- Sean Strickland

Chief Executive Officer Ontario Construction Secretariat

Additional information

- The New Building Canada Plan

- Federal Gas Tax Fund

- Renewed GTF Agreement with Ontario

Contact Information

  • Vincent Rabault, Press Secretary
    Office of the Minister of Infrastructure, Communities
    and Intergovernmental Affairs, Minister of the
    Economic Development Agency of Canada
    for the Regions of Quebec
    613-943-1838

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