Government of New Brunswick
Melanson

Finance Minister Roger Melanson tabled the 2015-2016 Capital Budget in the Legislative Assembly Dec. 17, 2014. The $597.1 million capital budget is focused on strategic infrastructure investments which will create jobs and properly repair and maintain existing infrastructure.

In order to kick-start the province’s economy in the short-term, a new Strategic Infrastructure Initiative has been created to provide stimulus that will create jobs in the short-term and to begin building the strategic infrastructure that will help create even more jobs in the long-term.

The 2015-16 capital budget addresses a commitment to develop a multi-year infrastructure plan by also projecting investments that will be made through to 2018-19.

 

Capital budget invests $597.1 million to spur job creation, economic growth

FREDERICTON (GNB) - The provincial government’s 2015-16 capital budget totals $597.1 million, an increase over the previous year in support of strategic infrastructure investments which will create jobs and properly repair and maintain existing infrastructure.

“The increased investment will help kick-start our economy and move New Brunswick forward,” said Finance Minister Roger Melanson. “We will be investing in much-needed maintenance work, as recommended by the Auditor General, as well as new priority projects to stimulate job creation, improve our fiscal situation, and make life better for New Brunswick families.”

A new Strategic Infrastructure Initiative, a commitment in the document Moving New Brunswick Forward, will invest almost $600 million over the next four years, creating up to 1,750 jobs per year and contributing $120 million annually to the provincial economy. The investment from this fund will total $114.6 million for 2015-16, with a possibility for further investment if funds can be leveraged from other sources.

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