Creating Jobs
Building Communities
Common menu bar links
Infrastructure Stimulus Fund in Prince Edward Island
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 June 4, 2009, the Infrastructure Stimulus Fund was officially launched in the Province of Prince Edward Island.
Projects that Have Been Announced
On August 7, 2009, Canada and Prince Edward Island announced that construction on Phase 1 of the Charlottetown Perimeter Highway Expansion will begin on August 11, thanks to a $7.5 million partnership between the governments of Canada and Prince Edward Island.
On September 21, 2009, the governments of Canada and Prince Edward Island announced financial support for the restoration of the Tignish Post Office, thanks to a $270,000 joint contribution under the Infrastructure Stimulus Fund.
On December 16, 2009, the governments of Canada and Prince Edward Island announced that work is starting on the rehabilitation and refurbishment project at St. Mary's church, which is being transformed into the permanent musical venue for the Indian River Festival.
Information by province and territory >>
