Federal-provincial agreement extends funding for New Brunswick infrastructure19 December 2008
FREDERICTON (CNB) - Communities across New Brunswick may now plan for their long-term infrastructure needs, thanks to more than $178 million from the federal gas tax fund to be provided between 2010 and 2014.This funding is made possible by an extension agreement announced today by the governments of Canada and New Brunswick. Both governments will be able to stimulate the economy by continuing to provide infrastructure funding.
"Our government is pleased with the extension of the Federal-Provincial Gas Tax Fund program until 2014," said Finance Minister Victor Boudreau. "This renewed relationship with the Government of Canada and local governments will help communities throughout the province to invest in green infrastructure projects, which will help us to attain self-sufficiency as a province by 2026."
Boudreau was joined by Veterans Affairs Minister Greg Thompson, who was speaking on behalf of John Baird, federal transport and infrastructure minister.
"The federal government is taking action now to invest in infrastructure in New Brunswick, because it is good for our economy and will help create jobs," said Thompson. "We're working with provincial partners to cut red tape, fast-track approvals and get shovels in the ground as soon as possible."
The range of eligible projects funded through the gas tax fund includes public transit, community energy, local roads, water, wastewater and solid waste infrastructure improvements. Municipalities may also borrow against future gas tax funding, allowing them to move forward on eligible projects right away.
"Investing in infrastructure is key in improving the quality of life for residents," said Local Government Minister Bernard LeBlanc. "Today's announcement is an example of how we are committed to continuing to strengthen our partnership with our federal colleagues to enable communities all across New Brunswick to improve and maintain safe and adequate local infrastructure on the road to self-sufficiency."