REGINA – The governments of Canada and Saskatchewan have signed a new 10-year agreement for the Canada Community-Building Fund (CCBF) to provide stable long-term funding to communities across the province.
Over the first five years, Saskatchewan will receive $350 million to address local infrastructure priorities, a release said.
Since 2015 the has funded more than 1,200 road and highway infrastructure projects across Saskatchewan totalling more than $260 million, the release said, including a new raw water pumping facility in the City of Prince Albert and a new arena complex in the Town of Wynard.
The federal government is renewing the CCBF nationwide and is investing $26.7 billion over the next 10 years (2024-2034) to support core infrastructure projects.
Between 2014 and 2024, the CCBF invested more than $2.4 billion per year across Canada and $686.3 million to communities in Saskatchewan, the release said.
Over the first five years of the agreement, Saskatchewan will receive $350 million, including $66 million in the 2024-2025 fiscal year.
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