New government funding now available for transit infrastructure in Wood Buffalo
FORT MCMURRAY, AB: The governments of Canada and Alberta are making long-term infrastructure investments that will create economic growth and middle-class jobs while supporting inclusive communities and a low-carbon green economy - leading to a higher quality of life for all Canadians.On April 3, 2018, the Honourable Amarjeet Sohi, Minister of Infrastructure and Communities, and the Honourable Sandra Jansen, Alberta Minister of Infrastructure, announced the signing of a bilateral agreement that will provide more than $3.3 billion in federal funding over the next decade through the Investing in Canada plan for infrastructure projects. The projects supported through this agreement will be cost-shared with the Alberta government, municipalities and other partners.
This new funding will see the governments of Canada and Alberta make unprecedented investments in public transit, green infrastructure, recreational, cultural, and community infrastructure, as well as rural and northern communities.
Under the public transit stream, the Regional Municipality of Wood Buffalo will receive $17,905,869 in federal funding for significant improvements to transit systems in the area.
Altogether, these investments will make a positive difference in communities, resulting in the better movement of people and goods, cleaner air and water, and smarter more efficient cities.
Modern efficient public transit infrastructure plays a key role in building strong communities where everyone has the opportunity to succeed. I am very pleased that Wood Buffalo will be able to improve its transit services thanks to this new funding agreement with Alberta. We are working closely with our provincial, municipal and Indigenous partners to deliver real support through transformative projects that will benefit residents across the province for years to come.
The Honourable Amarjeet Sohi, Minister of Infrastructure and Communities
Albertans, and residents in the Fort McMurray region in particular, know that continued and strategic investment in infrastructure promotes economic growth, provides jobs and builds strong communities. That is why it is important that the Government of Alberta partners with the federal government's infusion of funding into the Regional Municipality of Wood Buffalo's transit network. From planning and design to construction, long-term operations and maintenance, this transit system funding is truly an investment in the future for Fort McMurray families and businesses.
The Honourable Sandra Jansen, Minister of Alberta Infrastructure
I would like to extend my thanks to the Federal and Provincial Governments for their support of Wood Buffalo. The Government of Canada's financial investment in our municipal public transit system enhances residents' connectivity and provides opportunities for future transportation strategies and initiatives. These funds will help us continue to build a vibrant and sustainable region we are proud to call home.
Mayor Don Scott, Regional Municipality of Wood Buffalo
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 projects worth more than $1.1 billion in Alberta.
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.
The federal cost-share under the rural and northern infrastructure stream was increased from 50% to 60% on February 16, 2018. With this increase, provincial communities with fewer than 5000 residents will be eligible to receive a higher proportion of federal funding to address their unique infrastructure needs. Indigenous communities in the provinces will be eligible for a federal cost share of up to 75%.
Six new long-term infrastructure agreements have now been signed between the Government of Canada and provincial and territorial partners.