Under the Canada-Alberta Framework Agreement, $840.73 million from the Building Canada Fund will go towards infrastructure initiatives in Alberta under the following two components:
$752.73 million will be dedicated to major infrastructure projects, particularly in national priority areas such as the National Highway System, transit, water and wastewater treatment and green energy.
Under the Major Infrastructure Component, project proposals may be identified by provinces, local governments, or the private sector (not-for-profit and for-profit). Project priorities are determined through federal-provincial discussions. Once identified as a priority, proponents will be contacted and asked to submit a project overview (sometimes referred to as a business case) that includes an assessment of the proposed project. Prior to the approval of federal funding, a federal review of the business case is undertaken to evaluate project eligibility, benefits and risks and to ensure that the project meets minimum federal requirements.
$88 million has been fully allocated to smaller-scale projects in communities with populations of fewer than 100,000.
Through Canada's Economic Action Plan, an additional $52 million has been fully allocated to smaller-scale projects in communities with populations of fewer than 100,000 for projects that will be substantially completed by March 31, 2011. This top-up funding is in addition to the $840.73 million provided through the original Framework Agreement.
External links
Building Canada Fund - Alberta >>
Western Economic Diversification Canada >>
Building Canada Fund in the provinces:
In recognition of the unique infrastructure challenges in Canada's North, the Building Canada Fund allocations will be added to the Base Funding Initiatives in the territories.