Second installment of annual $2 billion transfer available for municipal infrastructure
November 10, 2014 – Ottawa, Ontario – Infrastructure Canada
The Honourable Denis Lebel, Minister of Infrastructure, Communities, and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec, announced today that the second installment of the federal Gas Tax Fund for 2014 is being made available to support municipal infrastructure.
The Government of Canada's annual $2-billion Gas Tax Fund for municipal infrastructure provides predictable, long-term funding for Canadian municipalities to help them build and revitalize their local infrastructure while creating jobs and long-term prosperity. Including the 2014 installments, the Gas Tax Fund has made $15 billion available to support municipal infrastructure to date.
Since 2006, our Government has made significant improvements to the Gas Tax Fund:
- In 2007 it was extended,
- In 2009 it was doubled from $1 billion to $2 billion annually,
- In 2011 it was legislated as a permanent source of funding, and,
- In 2013 it was indexed at 2 percent per year, meaning that it will grow by $1.8 billion over the next decade.
"The Harper Government is committed to investing in public infrastructure to enhance our economic productivity and create jobs and economic growth across Canada. Through the federal Gas Tax Fund, our Government is demonstrating this ongoing commitment by providing stable, predictable funding to all municipalities, so that Canadian communities can address their local infrastructure priorities. The second payment for 2014 will support thousands of infrastructure projects across the country."
- The Honourable Denis Lebel, Minister of Infrastructure, Communities, and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec
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
Infrastructure Canada
613-960-9251
Toll-free 1-877-250-7154
Email: media@infc.gc.ca
Twitter: @INFC_eng
Website: Infrastructure Canada
