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Infrastructure Stimulus Fund in Newfoundland and Labrador
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 11, 2009, the Infrastructure Stimulus Fund was officially launched in the Province of Newfoundland and Labrador,.
Projects that Have Been Announced
On May 11, 2009, Canada and Newfoundland and Labrador announced a joint investment of $106.5 million for up to 22 provincial and community infrastructure projects that will create jobs and help build stronger communities.
On January 29, 2010, Canada and Newfoundland and Labrador announced that drivers in the Province will benefit from improved highways and bridges thanks to a partnership between the two governments. Canada and Newfoundland and Labrador will contribute $30.9 million towards nine highway improvements and two bridge rehabilitation projects in the province.
Information by province and territory >>
