Updates: Investing in Canada Plan

The second phase of our Investing in Canada infrastructure plan is underway. As you know, Budget 2016 introduced $11.9 billion for public transit, water and waste water, and social infrastructure. Budget 2017 builds on these investments and clearly outlines the next phase of our long-term plan, which will provide more than $180 billion in infrastructure funding over 12 years. These investments will create long-term economic growth, build inclusive, sustainable communities, and support a low carbon, green economy.

Minister Sohi is responsible for several new initiatives under the long-term plan, including $33 billion that will be delivered through integrated bilateral agreements with provinces and territories. These bilateral agreements will provide investments in four funding streams:

  • $20.1 billion for public transit;
  • $9.2 billion for green infrastructure;
  • $1.3 billion for community, culture and recreation infrastructure; and
  • $2.4 billion for wide-ranging infrastructure needs in rural and northern communities. This includes the $400 million Arctic Energy Fund, which will be delivered under this stream to support energy security in the territories.

Today Minister Sohi sent letters to his provincial and territorial counterparts, as well as to the Federation of Canadian Municipalities to provide additional details about the Government of Canada’s long term infrastructure plan and to open negotiations to reach bilateral agreements with each province and territory. These letters provide additional details about the program and the funding allocations for each province and territory.

You can read the press release here and find additional details and copies of the letters here (with details on provincial-territorial allocations in the annexes – link in the middle of each letter).

http://www.infrastructure.gc.ca/plan/about-invest-apropos-eng.html#letters

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