Infrastructure Canada

Infrastructure Canada

July 31, 2015 12:17 ET

The Federal Gas Tax Fund at Work in Prince Edward Island

Prince Edward Island receives first installment of its 2015 allocation to support local infrastructure

OTTAWA, ONTARIO--(Marketwired - July 31, 2015) - Infrastructure Canada

The Government of Canada is proud to announce that the first installment of the annual allocation of the federal Gas Tax Fund has been made available to Prince Edward Island municipalities. The annual $2-billion federal Gas Tax Fund allocation will provide $15 million in 2015-2016 to help Prince Edward Island communities build and rehabilitate their infrastructure.

Every year, municipalities benefit from the support and flexibility of the federal Gas Tax Fund. They can pool, bank and borrow against this funding, providing significant financial flexibility to plan infrastructure projects over the long term. Projects are chosen locally and prioritized according to the infrastructure needs of each community. Since 2006, municipalities across Prince Edward Island have benefited from close to $120 million towards funding for local infrastructure priorities under the Fund.

Between 2014 and 2024, Prince Edward Island municipalities will receive an estimated $163 million in new federal infrastructure funding through the Gas Tax Fund.

Quick Facts

  • To date, $15 billion has been made available to Canadian municipalities through the federal Gas Tax Fund, with close to $22 billion flowing over the 10-year duration of the renewed agreements.
  • On average, the federal Gas Tax Fund supports 80 projects per year in Prince Edward Island, such as:
    • a new wastewater treatment plant in North Rustico;
    • the purchase of a new, wheelchair-accessible bus with a bike rack in Cornwall;
    • a new bridge in Wellington;
    • energy-system upgrades to the South Shore Professional Building in Crapaud; and
    • the replacement of an aging bridge in Cardigan.

Quotes

"Since 2006, the Government of Canada has made significant improvements to the federal Gas Tax Fund, taking concrete action on its commitment to ensure it delivers flexible, indexed and predictable long-term funding to communities across Canada. Investments through the federal Gas Tax Fund are helping Prince Edward Island's municipalities address their local infrastructure priorities while contributing to creating jobs, promoting productivity and supporting economic growth. This first installment of 2015 will continue to benefit residents across the province."

The Honourable Gail Shea, Regional Minister for Prince Edward Island, Minister of Fisheries and Oceans, and Member of Parliament for Egmont

Associated Links

To learn more about the federal Gas Tax Fund visit: http://www.infrastructure.gc.ca/plan/gtf-fte-eng.html.

For additional information on the New Building Canada Plan, visit: http://www.infrastructure.gc.ca/plan/plan-eng.html.

To learn more about the Government of Canada's focus on jobs and the economy consult Canada's Economic Action Plan: http://www.budget.gc.ca/2015/home-accueil-eng.html.

Follow us on Twitter at @INFC_eng

Contact Information

  • Vincent Rabault, Press Secretary
    Office of the Minister of Infrastructure,
    Communities and Intergovernmental Affairs,
    and 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
    media@infc.gc.ca