Project made possible thanks to New Building Canada Plan
July 8, 2015 –– Oshawa, Ontario – Infrastructure Canada
The Honourable Erin O'Toole, Minister of Veterans Affairs and Member of Parliament for Durham was joined today by Dr. Tim McTiernan, President and Vice Chancellor of the University of Ontario Institute of Technology (UOIT) to announce funding of up to $26.9 million for the new Centre of Advanced Research, Innovation and Entrepreneurship (CARIE) building under the New Building Canada Plan, in Ontario. This project will provide much needed academic, entrepreneurial and research spaces on the University of Ontario Institute of Technology campus.
The new CARIE building will include the construction of new teaching labs, collaborative space for ventures focusing on applied research and development, as well as conference and seminar rooms. The facility will bring together services and resources to support entrepreneurial talent and facilitate collaborative research with industry, academic and community partners.
The New Building Canada Plan is the largest and longest federal infrastructure plan in Canada's history.
This unprecedented commitment is providing $53 billion to support provincial, territorial and municipal infrastructure, between 2014 and 2024.
Over this ten–year period, Ontario will benefit from approximately $11 billion in dedicated federal funding, including almost $2.7 billion under the New Building Canada Fund.
Support for Centre of Advanced Research, Innovation and Entrepreneurship (CARIE) Building
- The Government of Canada has selected this project for funding consideration of up to one third of eligible costs, to a maximum of $26.9 million under the New Building Canada Fund's Provincial-Territorial Infrastructure Component-National and Regional Projects. This funding is conditional on the project meeting applicable federal eligibility requirements with respect to the New Building Canada Fund and the signing of a contribution agreement.
- UOIT will be responsible for securing all remaining funding necessary to complete the project.
New Building Canada Plan
- 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 that will support projects of national significance; and
- The $10-billion Provincial-Territorial Infrastructure Component for projects of national, regional and local significance. Of this amount, $1 billion 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.
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
Bryan Oliver
Communications Officer
University of Ontario Institute of Technology
289-928-3653
Infrastructure Canada
613-960-9251
Toll-free 1-877-250-7154
Email: media@infc.gc.ca
Twitter: @INFC_eng
Website: Infrastructure Canada
