Ontario receives first installment of its 2015 allocation to support local infrastructure
July 31, 2015 – Ottawa, Ontario – Infrastructure Canada
The Government of Canada is proud to announce that the first installment of the annual allocation of the federal Gas Tax Fund has been made available to Ontario municipalities. The annual $2-billion federal Gas Tax Fund allocation will provide over $744.9 million in 2015-2016 to help Ontario communities build and rehabilitate their infrastructure.
Every year, municipalities benefit from the support and flexibility of the federal Gas Tax Fund. They can pool, bank and borrow against this funding, providing significant financial flexibility to plan infrastructure projects over the long term. Projects are chosen locally and prioritized according to the infrastructure needs of each community. Since 2006, municipalities across Ontario have benefited from close to $5.5 billion towards funding for local infrastructure priorities under the Fund.
Between 2014 and 2024, Ontario municipalities will receive an estimated $8.12 billion in new federal infrastructure funding through the Gas Tax Fund.
"Since 2006, our Government has made significant improvements to the federal Gas Tax Fund, to ensure it delivers flexible, indexed and predictable long-term funding to communities in the GTA, Ontario and across Canada. Investments through the federal Gas Tax Fund are helping municipalities address their local infrastructure priorities, while contributing to create jobs, promote productivity and support economic growth. This year's first instalment to Ontario will benefit residents across the province."
- The Honourable Joe Oliver,
Minister of Finance
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
