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Infrastructure Stimulus Fund in New Brunswick
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 12, 2009, the Infrastructure Stimulus Fund was officially launched in the Province of New Brunswick.
Projects that Have Been Announced
On June 5, 2009, the governments of Canada and New Brunswick announced a joint contribution of $47 million to expand and improve the Port of Belledune. Funding will support terminal improvements, modifications and expansion at the Port of Belledune. These upgrades to the Port will enhance its operating and competitive capabilities.
On July 7, 2009, the Government of Canada announced it would provide, under the Infrastructure Stimulus Fund, up to $9 million in funding for upgrades to the New Brunswick Southern Railway. Funding will be used to replace, upgrade and improve the ties, steel rail, rail bed and bridges in selected areas that currently restrict the railway from achieving the heavier weight classification.
On August 17, 2009, the governments of Canada and New Brunswick announced federal and provincial support for the construction, upgrade and improvement of water treatment and distribution infrastructure in Saint John. Both governments will jointly contribute almost $16 million for six individual water projects in the City of Saint John. The investment will help maintain and create new jobs and build stronger communities across the province.
On September 10, 2009, the governments of Canada and New Brunswick announced $18.5 million in funding for the construction of a brand new YMCA facility in Fredericton.
On January 12, 2010, Canada and New Brunswick announced $1.4 million in upgrades for Fredericton’s water and wastewater infrastructure.
On January 29, 2010, the governments of Canada and New Brunswick announced a joint contribution of $360,000 towards the replacement of the Upper Stone Ridge Covered Bridge on the Keswick River in York County. In addition, both governments will jointly contribute $725,000 for pavement rehabilitation on Route 109 in north-western New Brunswick.
On January 30, 2010, Canada and New Brunswick announced that drivers in the Province will benefit from improved highways thanks to a partnership between the two governments. Canada and New Brunswick will jointly contribute $9.53 million towards seven highway improvement projects in the province.
Information by province and territory >>
