In a recent media release by Bruce-Grey-Owen Sound MPP Bill Walker, Ontario’s Government has announced a new infrastructure funding program in combination with the Federal and Municipal tiers.
Minister of Infrastructure Monte McNaughton announced the new infrastructure funding that will help create and protect good jobs across the province.
“When it comes to delivering core services that matter to people, our government is putting people first,” said McNaughton. “Today’s historic infrastructure investment marks the start of billions of dollars in funding that will improve the well-being of the people of Ontario. And it is part of our plan to balance the budget in a responsible, sustainable way while creating and protecting good jobs.”
The first stream of the funding, the Rural and Northern stream, is open to cities and Indigenous communities with populations under 100,000. Those communities, about 500 of them, will have eight weeks beginning March 18 to nominate road and bridge projects.
“This is great news for communities in our riding,” MPP Walker. “Our government is listening and has heard the infrastructure needs of our municipalities. Today we’re telling communities to get started on the crucial process of project nomination.”
The funding falls under the Investing in Canada Infrastructure Program, which will unlock up to $30 billion in combined federal, provincial, and local investments in communities across the province over the next 10 years.
“The launch of today’s programs marks an important milestone for investing in the critical projects that will create jobs for our riding,” said Walker. “Investing and maintaining our critical infrastructure is one of the keys to growing our economy.”
The Investing in Canada Infrastructure Program is a $30 billion, 10-year infrastructure program cost-shared between federal, provincial and municipal governments. Ontario’s share per project will be up to 33 per cent, or $10.2 billion spread across four streams:
1. Rural and Northern
2. Public Transit
4. Community, Culture and Recreation
The first intake for the Rural and Northern stream will be open for eight weeks, and will focus on road, bridge, air or marine infrastructure in rural and northern communities with populations under 100,000 people.