Government of New Brunswick

2016-2017 Capital Budget

Melanson

Finance Minister Roger Melanson tabled the 2016-2017 Capital Budget in the Legislative Assembly Dec. 17, 2015. The $656.1 million capital budget is focused on strategic infrastructure investments which will create jobs and properly repair and maintain existing infrastructure.

The capital budget investment will contribute an estimated $494 million to the economy and support upwards of 6,200 jobs next year. Infrastructure work will be done in accordance with the principles of asset management and the recommendations of the auditor general.

The capital budget continues to address a commitment to develop a multi-year infrastructure plan by also projecting investments that will be made through to 2018-2019.

 

News


Capital budget invests $656.1 million to grow economy, maintain jobs

FREDERICTON (GNB) – The provincial government’s 2016-17 capital budget totals $656.1 million, representing a $53.4 million decrease from the planned spending projections announced last year.

“We continue to strategically focus our investments on infrastructure projects that grow our economy and create jobs,” said Finance Minister Roger Melanson. “Our capital budget investment will contribute an estimated $494 million to the economy and support upwards of 6,200 jobs next year. At the same time, much needed infrastructure work will be done in accordance with the principles of asset management and the recommendations of the auditor general.”

Within the capital budget, $413.3 million will be allocated to the Department of Transportation and Infrastructure for road and bridge construction and maintenance as well as building upgrades to create jobs, improve safety and produce long-term energy savings.

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