Under the Canada-Ontario Framework Agreement, $3.096 billion from the Building Canada Fund (BCF) will go towards infrastructure initiatives in Ontario under the following two components:
More than $2.73 billion in funding will support larger-scale projects.
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.
$362 million has been fully allocated to smaller-scale projects in communities with populations of fewer than 100,000.
News Release: Ontario Communities Benefit from Partnership Investment
News Release: Ontario Communities to Benefit from More Than $1 Billion in Infrastructure Investments
News Release: Canada - Ontario Infrastructure Partnership Creates Thousands of Jobs, Stimulates Economy
Through Canada's Economic Action Plan, an additional $196 million has been fully allocated to the Communities Component for projects that will be completed by March 31, 2011. This top-up funding is in addition to the $3.096 billion provided through the original Framework Agreement.
External Links
Building Canada Fund - Ontario >>
Federal Economic Development Agency for Southern Ontario >>
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.