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Infrastructure Stimulus Fund in Saskatchewan
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 26, 2009, the Infrastructure Stimulus Fund was officially launched in Saskatchewan.
Projects Announced
On June 5, 2009, the governments of Canada and Saskatchewan announced that, under the Infrastructure Stimulus Fund, a set of 19 shovel-ready infrastructure projects will receive a joint federal-provincial investment of $19.4 million.
On June 29, 2009, Canada and Saskatchewan announced that a new set of 13 shovel-ready infrastructure projects will receive a joint federal-provincial investment of $6.8 million through the Infrastructure Stimulus Fund.
On September 24, 2009, the governments of Canada and Saskatchewan announced a federal-provincial investment of close to $23.2 million for 43 shovel-ready infrastructure projects under the new Infrastructure Stimulus Fund, announced in Canada's Economic Action Plan.
On January 29, 2010, the governments of Canada and Saskatchewan announced funding for 15 new infrastructure projects across Saskatchewan. These projects will benefit from nearly $45.8 million in funding from the federal, provincial and municipal governments. Federal funding represents over $19.8 million under the Infrastructure Stimulus Fund, part of Canada’s Economic Action Plan.
Information by province and territory >>
