Stimulus funding will create jobs, stimulate regional economy
VANCOUVER, BRITISH COLUMBIA, December 22, 2009 - The Honourable Stockwell Day, Minister of International Trade and Minister for the Asia-Pacific Gateway, and Vancouver Deputy Mayor George Chow, today announced funding for a wide array of shovel-ready projects that will improve infrastructure across Vancouver, create local jobs and support the city’s economy.
The event was held overlooking Stanley Park, which will receive funding from Canada and Vancouver to upgrade the field house, seawall, and the Malkin Bowl outdoor theatre.
“Our government has created an Economic Action Plan to stimulate our economy and create jobs for Canadians,” said Minister Day. “We are pleased to work with our municipal colleagues to invest in important infrastructure upgrades for parks, roads, clean water projects, municipal buildings and much more for the City of Vancouver.”
“There is a direct link between the livability of a city and the quality of its infrastructure,” said Vancouver Mayor Gregor Robertson. “We worked hard to get these projects shovel-ready, and we look forward to completing them on time and the benefits they’ll bring. It’s great, especially in these tough economic times, that we’re getting support from our partners in the federal government to invest in our city.”
Today’s announcement includes funding for twenty-six new projects, such as: improving local roads, trails, municipal buildings, water and wastewater systems and other facilities in the City of Vancouver. This investment is valued at almost $86 million, with a federal share of over $30 million and almost $56 million provided by the City of Vancouver.
This announcement was made as part of the Government of Canada’s Economic Action Plan, and specifically as part of the new $4-billion Infrastructure Stimulus Fund, which provides funding to provincial, territorial and municipal construction-ready infrastructure projects.
To learn more about Canada’s Economic Action Plan, visit www.actionplan.gc.ca.
For further information contact:
Infrastructure Canada
613-948-1148
City of Vancouver
Corporate Communications
604-871-6336
