BADEN, ONT. — The Ontario government has announced a 10-year, $30-billion infrastructure funding program under the multi-party Canada Infrastructure Program.
The spending includes one-third contributions from each of the federal, provincial and municipal governments.
Ontario’s contribution, at 33 per cent, adds up $10.2 billion, said a release.
The funding will cover four streams: Rural and Northern; Public Transit; Green; and Community, Culture and Recreation.
The first stream of the funding, the Rural and Northern stream, is open to cities and Indigenous communities with populations under 100,000. Those communities, about 500 of them, will have eight weeks beginning March 18 to nominate road and bridge, air or marine infrastructure projects in rural and northern communities.
“When it comes to delivering core services that matter to people, our government is putting people first,” said Monte McNaughton, minister of infrastructure, in the statement. “Today’s historic infrastructure investment marks the start of billions of dollars in funding that will improve the well-being of the people of Ontario. And it is part of our plan to balance the budget in a responsible, sustainable way while creating and protecting good jobs.”
The government is expected to announce its full infrastructure spending program in the provincial budget April 11.
“Our economy, communities, and families all depend on infrastructure. This program will bring major infrastructure investments that people rely on,” said McNaughton. “And when we invest in smart infrastructure, we create jobs and grow the economy, shaping the future for hard-working families in Ontario.”