Prince Edward Island - Building Canada Fund

Under the Canada-Prince Edward Island Framework Agreement, $35.25 million from the Building Canada Fund will go towards infrastructure initiatives in Prince Edward Island under the following two components:

Major Infrastructure Component

$13.25 million 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. 

Communities Component

$22 million has been fully allocated to smaller-scale projects in communities with populations of fewer than 100,000.

News Release: Governments of Canada and Prince Edward Island Invest in Communities through the Building Canada Plan

News Release: Community Infrastructure Funding: Open For Business – Apply Today!

News Release: Canada-Prince Edward Island Invest in Island Infrastructure

Communities Component Top-Up

Through Canada's Economic Action Plan, an additional $2.1 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 $35.25 million provided through the original Framework Agreement.

External Links
Building Canada Fund - Prince Edward Island >>
Atlantic Canada Opportunities Agency >>

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Building Canada Fund in the provinces:

• Alberta
• British Columbia
• Manitoba
• New Brunswick
• Newfoundland and Labrador
• Nova Scotia
• Ontario
• Prince Edward Island
• Quebec
• Saskatchewan

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.