WINNIPEG — The Government of Canada recently announced a newly-signed bilateral agreement with Manitoba that will provide more than $1.1 billion through the Investing in Canada plan for provincial infrastructure projects over the next decade.
Over $546 million will be invested in public transit projects and approximately $452 million in green infrastructure, explains a release.
Roughly $61 million will be invested in community culture and recreation infrastructure and more than $110 million will be invested in infrastructure projects in rural and northern communities.
As previously announced, under the Investing in Canada plan, the federal government will provide more than $180 billion over 12 years for such projects all across Canada.
In the first phase of the plan, Infrastructure Canada has approved nearly 3,500 projects across the country which includes over 100 projects in Manitoba, estimated to cost over $325 million.
Infrastructure Canada will be delivering $33 billion over the next decade through new bilateral agreements with provinces and territories under four funding streams: $20.1 billion for public transit projects; $9.2 billion for green infrastructure; $1.3 billion for community, cultural and recreational infrastructure; and $2 billion for various infrastructure projects in rural and northern communities.
Earlier this year, the federal cost-share under the rural and northern infrastructure stream was increased from 50 per cent to 60 per cent, which allows provincial communities with less than 5,000 residents to receive a higher proportion of federal funding to address infrastructure needs, the release reads. Indigenous communities will be eligible for a federal cost share of up to 75 per cent.
This marks the ninth new long-term infrastructure agreement the federal government has signed with provincial and territorial partners.
Recent Comments
comments for this post are closed