Courtesy of Infrastructure Canada:
The governments of Canada and British Columbia are working together to make long-term infrastructure investments that will create economic growth, sustain well-paying jobs, build inclusive communities and support a low-carbon, green economy—leading to a higher quality of life for all Canadians.
Today, the Honourable Amarjeet Sohi, Minister of Infrastructure and Communities, and the Honourable Claire Trevena, Minister of Transportation and Infrastructure announced the signing of a bilateral agreement that will provide more than $4.1 billion in federal funding through the Investing in Canada plan over the next decade for infrastructure projects. These projects will be cost-shared with the Government of British Columbia, municipalities and other partners.
This new funding will see the Government of Canada and the Province of British Columbia make unprecedented investments in public transit, green infrastructure, recreational and cultural infrastructure, and rural and northern communities.
These investments will have benefits for people in communities across the province, including:
* faster commutes and travel times for more people, and easier movement of goods for businesses;
* cleaner air and water;
* reduced greenhouse gas emissions;
* smarter more efficient cities;
* sustainable water management;
* enhanced public parks, recreational facilities and other spaces that make communities great places to live;
* better transportation and digital infrastructure for people living in remote communities;
* increased energy security and reduced reliance on diesel in the North.
Across Canada, more than $33 billion in federal funding will be invested through new bilateral agreements with provinces and territories. Provinces and territories will develop three-year plans that will provide information on how they will implement their infrastructure projects.
The Hon. Amarjeet Sohi - Federal Minister of Infrastructure and Communities said:
“Long-term investments in infrastructure are key to building a strong Canada—connecting people, creating good jobs for the middle class, and building our economy and communities for the future. We are pleased to have reached a new agreement with British Columbia to invest in infrastructure projects that will benefit all communities for years to come. Collaboration and partnership have been at the heart of the success of our Investing in Canada plan and we will continue to work with provinces, territories, municipalities, Indigenous communities, stakeholders, and Canadians from coast to coast to coast.”
While the Hon. Claire Trevena, BC's Minister of Transportation/Infrastructure went on to say:
“Signing this new 10-year bilateral agreement with the Government of Canada means people in B.C. stand to benefit from record infrastructure investment – nearly $10 billion in partnership with all levels of government. From greener infrastructure and better public transit to enhanced community centres and parks, this historic funding gives communities in B.C. of all sizes a boost to deliver modern infrastructure through smart investments that benefit people, the environment, and the economy.”
Quick Facts
Under the Investing in Canada plan, the Government of Canada is investing more than $180 billion over 12 years in public transit projects, green infrastructure, social infrastructure, trade and transportation routes, and Canada’s rural and northern communities.
Under the first phase of the plan, Infrastructure Canada has approved nearly 3,500 projects across Canada worth a combined investment of more than $8.4 billion, including more than 200 projects worth more than $1.2 billion in British Columbia.
As part of the Plan, Infrastructure Canada will deliver $33 billion over the next decade through new bilateral agreements with provinces and territories under four funding streams:
$20.1 billion for public transit;
$9.2 billion for green infrastructure;
$1.3 billion for community, cultural and recreational infrastructure; and
$2 billion for wide-ranging infrastructure needs in rural and northern communities. In addition, the $400 million Arctic Energy Fund will be delivered under this stream to support energy security in the territories.
This marks the fifth new long-term infrastructure agreement the Government of Canada has signed with provincial and territorial partners.
The funding provided under the bilateral agreement also includes $212.3 million already committed to the Lion’s Gate Secondary Wastewater Treatment Plant in North Vancouver.
A full backgrounder on the Infrastructure Agreement signed today (Apr 2nd, 2018) between BC/Ottawa can be viewed here
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