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Infrastructure Stimulus Fund in Nova Scotia
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 April 30, 2009, the Infrastructure Stimulus Fund was officially launched in the Province of Nova Scotia.
Projects that Have Been Announced
On April 30, 2009, Canada and Nova Scotia announced a joint investment of $55.8 million for up to 26 provincial and community infrastructure projects that will create jobs and help build stronger communities.
On September 13, 2009, the governments of Canada and Nova Scotia announced that they are contributing nearly $100 million for infrastructure projects across the province.
On September 23, 2009, the federal and provincial governments announced nearly $8 million for eight water and wastewater infrastructure projects across the province.
On September 24, 2009, the Government of Canada announced that it is contributing $9.5 million under the Infrastructure Stimulus Fund for dock repairs at the Marine Atlantic North Sydney ferry terminal.
On February 19, 2010, the governments of Canada and Nova Scotia announced that Nova Scotia drivers will soon benefit from improved highways thanks to a partnership between the governments of Canada and Nova Scotia. The two governments will jointly contribute $2.79 million towards two highway improvement projects, Highway 101 and Route 303, in the province.
On February 19, 2010, the governments of Canada and Nova Scotia announced that Nova Scotia drivers will soon benefit from improved highways thanks to a partnership between the governments of Canada and Nova Scotia. The two governments will jointly contribute $4.5 million towards two highway improvement projects, Highway 103 and Route 331, in the province.
Information by province and territory >>
