September 26, 2014 – Edmonton, Alberta – Infrastructure Canada
Minister of State (Finance) Kevin Sorenson spoke today at the Alberta Urban Municipalities Association's Annual Convention regarding the New Building Canada Plan and what it means for municipalities across Alberta.
The New Building Canada Plan is the largest and longest federal infrastructure plan in Canada's history. This unprecedented commitment will provide $53 billion over the next decade to support provincial, territorial and municipal infrastructure that enhances economic growth, job creation and productivity.
As part of the New Building Canada Plan, the renewed federal Gas Tax Fund (GTF) provides predictable, long-term, stable funding for Canadian municipalities to help them build and revitalize their local public infrastructure while creating jobs and long term prosperity.
Since 2006, significant improvements have been made to the GTF. The GTF has been extended, doubled, indexed and made permanent, and the eligible categories have been expanded, providing municipalities with more flexibility than ever before to support local infrastructure. By enshrining these commitments in legislation, provinces, territories and municipalities are assured of an ongoing funding stream to address their municipal infrastructure needs and priorities.
- The $53 billion New Building Canada Plan provides stable funding for a 10-year period, and includes:
- The Community Improvement Fund, consisting of the Gas Tax Fund and the incremental Goods and Services Tax Rebate for Municipalities, which will provide over $32 billion to municipalities for projects such as roads, public transit and recreational facilities, and other community infrastructure.
- The $14-billion New Building Canada Fund, which consists of:
- The $4-billion National Infrastructure Component, which will support projects of national significance; and
- The $10-billion Provincial-Territorial Infrastructure Component, which will support projects of national, regional and local significance. Of this amount, $1 billion is reserved for projects in communities with fewer than 100,000 residents through the Small Communities Fund.
- An additional $1.25 billion in funding for the Public-Private Partnerships (P3) Canada Fund administered by PPP Canada; and,
- $6 billion in funding that continues to flow across the country this year and beyond under existing infrastructure programs.
- For Alberta, the New Building Canada Plan represents more than $3.2 billion in dedicated federal funding, including almost $942 million under the New Building Canada Fund and an estimated $2.27 billion under the federal Gas Tax Fund*.
[*]NOTE: GTF funding by jurisdiction for the first five years (2014-2019) is based on 2011 Census data. GTF funding for 2019-2024 will be based on 2016 Census data. For illustrative purposes, Census 2011 data has been used for all 10 years. Due to the indexation of the GTF, funding for 2019-2024 is expected to be at least equal to GTF funding for the first five years.
Vincent Rabault
Press Secretary
Office of the Minister of Infrastructure, Communities and Intergovernmental Affairs and
Minister of the Economic Development Agency of Canada for the Regions of Quebec
613-943-1838
Karen Diaper
Alberta Urban Municipalities Association Communications Manager
780-668-2436
Infrastructure Canada
613-960-9251
Toll-free 1-877-250-7154
Email: media@infc.gc.ca
Twitter: @INFC_eng
Website: Infrastructure Canada
