CHARLOTTETOWN, P.E.I. — The federal government has transferred $9 million to Prince Edward Island to help communities across the province invest in local infrastructure priorities.
This is the first transfer through the recently renewed Canada Community-Building Fund (CCBF) for the first payment of the 2024-2025 fiscal year. This is the first of two payments to Prince Edward Island for this fiscal year, with the next payment expected to be made prior to the end of the fiscal year.
Under the agreement, which runs from 2024-2034, Prince Edward Island will receive more than $94.5 million over the next five years, including $18 million this fiscal year.
CCBF provides communities with predictable and flexible funding across 19 different project categories, including drinking water, wastewater, public transit, and community energy systems, and helps them develop the required infrastructure for future housing developments, states a release.
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