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Infrastructure Stimulus Fund in Alberta
New in Canada's Economic Action Plan
Through Canada's Economic Action Plan, the federal government has established a new $4-billion Infrastructure Stimulus Fund that provides funding to provincial, territorial, municipal and community construction-ready infrastructure projects. The Infrastructure Stimulus Fund complements existing federal infrastructure funding by focusing on short-term objectives for economic stimulus.
About the Program
The Infrastructure Stimulus Fund will provide $4 billion for the construction of infrastructure projects to be built over the next two years (2009-10 and 2010-11). To provide short-term stimulus to the economy, construction readiness will be a key project selection criteria; for example, the rehabilitation and retrofit of existing assets to improve safety or extend their useful life. Eligible projects include water, wastewater, transit, roads, culture, parks, trails and community services infrastructure (see Program Guide for eligibility).
How it Works
To ensure that the program provides economic stimulus quickly, and to ensure partnership with the provinces and territories, the Infrastructure Stimulus Fund is being rolled out in a flexible manner.
On May 21, 2009, the Infrastructure Stimulus Fund was officially launched in the Province of Alberta.
Projects that Have Been Announced
On July 9, 2009, the governments of Canada and Alberta announced funding for 156 infrastructure projects valued at over half a billion dollars through the Infrastructure Stimulus Fund, under Canada's Economic Action Plan.
On September 2, 2009, the governments of Canada and Alberta announced that residents of Okotoks will benefit from up to $22 million in joint federal-provincial investments to upgrade 32nd Street and the Canadian Pacific Railway (CPR) crossing in Okotoks.
On September 4, 2009, the Government of Canada announced almost $2.7 million in federal funding toward the renovation of Edmonton's Citadel Theatre, one of the city's prominent cultural facilities.
On September 11, 2009, the Government of Canada announced $14.8 million in federal government support through the Infrastructure Stimulus Fund of Canada's Economic Action Plan for the construction of the new GO Community Centre in Edmonton. This project helps meet the city's sports and recreational needs.
On September 24, 2009, the Government of Canada announced that communities across Alberta will benefit from nearly $42.4 million in joint federal-provincial investments for key infrastructure, thanks to a partnership between the governments of Canada and Alberta.
On January 28, 2010, the governments of Canada and Alberta announced funding for 33 new infrastructure projects across Alberta. These projects will receive $144 million in joint federal-provincial funding under the Infrastructure Stimulus Fund, part of Canada’s Economic Action Plan.
Information by province and territory >>
