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Building plan is the biggest in history

0 58 Government

The $53 billion New Building Canada Plan (NBCP) is the largest and longest federal infrastructure plan in our nation's history.
Hon. Denis Lebel
Hon. Denis Lebel

Government Perspective | Hon. Denis Lebel

The $53 billion New Building Canada Plan (NBCP) is the largest and longest federal infrastructure plan in our nation's history.

Through a suite of programs, the New Building Canada Plan will support projects such as roads, bridges, subways, commuter rail and other public infrastructure that encourages job creation and the continued prosperity of all Canadians.

On March 28, 2014, I was proud to launch the New Building Canada Fund (NBCF), a key element of the plan, ensuring a seamless transition to the new program.

The $14 billion NBCF consists of the National Infrastructure Component, which will support projects of national significance, and the Provincial-Territorial Infrastructure Component, which will support projects of national, regional and local significance.

The plan also includes the $32 billion Community Improvement Fund, consisting of the Gas Tax Fund and the incremental Goods and Services Tax Rebate for Municipalities, and an additional $1.25 billion in funding for the P3 (Public-Private Partnerships) Canada Fund.

Since 2006, the Harper government has nearly doubled the average annual funding for provincial, territorial and municipal infrastructure.

With this 10-year plan, we are further strengthening our commitment to support infrastructure projects that enhance economic growth, job creation and productivity across the country.

And, as we implement our New Building Canada Plan, our existing federal infrastructure programs will continue to support more than 2,500 ongoing or new infrastructure projects across Canada during 2014 alone.

This is over and above the new projects that will be approved under the New Building Canada Plan over the course of the year.

For example, funding will continue to flow to projects such as:

The Evergreen Line in British Columbia, a $1.4-billion project;

The Grande Prairie wastewater treatment plant in Alberta;

The Saskatoon Flood Control project in Saskatchewan;

The Winnipeg Convention Centre in Manitoba.

Many projects such as these will continue construction beyond 2014, and funding will flow to them as committed.

This means that across the country, the hard work of designing and building these projects will continue to keep Canadians busy – building a stronger Canada with modern, efficient public infrastructure.

Our government’s commitment to enhancing Canada’s infrastructure has never been stronger.

With the New Building Canada Plan, we are well on track to surpass the successes we have achieved to date.

We will continue to support job creation, economic growth and modern public infrastructure that contribute to the quality of life of Canadians.

The Honourable Denis Lebel is the Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec. Direct comments or questions to editor@journalofcommerce.com.

by Journal Of Commerce

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