News Column

Federal Funding Now Available for Newfoundland and Labrador Communities

July 9, 2014

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - July 9, 2014) -

The Honourable Rob Moore, Regional Minister for Newfoundland and Labrador and Minister of State (Atlantic Canada Opportunities Agency), and the Honourable Clyde Jackman, Minister of Municipal and Intergovernmental Affairs, celebrated today an agreement for the renewed federal Gas Tax Fund that provides predictable, stable funding for public infrastructure across the Province of Newfoundland and Labrador.

The federal Gas Tax Fund provides municipalities with the flexibility to choose and plan infrastructure projects based on their specific priorities. The renewed agreements will govern the flow of federal funds to each province and territory over the next 10 years, from 2014-15 until 2023-24.

Since 2006, significant improvements have been made to the Gas Tax Fund. It has been extended, doubled, indexed and made permanent. By enshrining these commitments in legislation, provinces, territories and municipalities are assured of an ongoing funding stream to address their municipal infrastructure needs and priorities.

Under the renewed Gas Tax Fund, eligible categories have also been expanded, providing municipalities with more flexibility than ever before to support local infrastructure.

With this agreement the Government of Canada is ensuring a seamless transition to the New Building Canada Plan, the largest long-term federal commitment to investing in Canada's public infrastructure in our nation's history. Quick Facts: -- Canada'sGas Tax Fund transfer has provided $13 billion to Canadian communities to date. Over the 10-year life of the New Building Canada Plan from 2014 to 2024, the Gas Tax Fund will provide close to $22 billion in funding for municipalities. -- In total, the New Building Canada Plan will provide $53 billion in funding to communities across the country over the next decade. For Newfoundland and Labrador, this represents approximately $674 million in dedicated federal funding, including more than $349 million under the New Building Canada Fund and an estimated $325 million under the federal Gas Tax Fund(i). Newfoundland and Labrador also stands to benefit from the Government of Canada's following national funding programs: -- $4 billion available across the country for projects of national significance, -- $1.25 billion in additional funding available for public-private partnerships (P3) projects, -- $10.4 billion via the GST Rebate which provides municipalities across the country with additional resources to address their infrastructure priorities. -- More than 1,000 projects benefitted from funding from the last Gas Tax Fund Agreement in Newfoundland and Labrador. For example, during the last construction season, the federal Gas Tax Fund supported: -- Upgrades to Church Road in the Town of Embree; -- Waste management projects such as new Central Newfoundland Waste Management Facility, located in Norris Arm; -- New Material Recovery (recycling) Facility at the Robin Hood Bay Waste Management Facility in St. John's. -- Renovations on a new emergency services facility in the Town of Cape St. George. -- Eligible investment categories under this Fund include: drinking water; wastewater and solid waste; public transit; local roads and bridges; community energy systems; capacity building; disaster mitigation; broadband connectivity; highways; short-line rail; short-sea shipping; brownfield redevelopment; regional and local airports; and projects supporting culture, tourism, sport and recreation.



Quotes:

"Our Government's commitment to communities has never been stronger. Through our unprecedented financial support for public infrastructure, we are ensuring communities across the country enjoy a high standard of living, new economic opportunities, and a safe, healthy environment. We are proud to support economic growth across Newfoundland and Labrador by supporting your infrastructure priorities through the federal Gas Tax Fund. We are very pleased to have reached an agreement with Newfoundland and Labrador, which will make this important funding available and allow communities to address their specific infrastructure priorities."

The Honourable Rob Moore, Regional Minister for Newfoundland and Labrador and Minister of State (Atlantic Canada Opportunities Agency), on behalf of the Honourable Denis Lebel, Minister of Infrastructure, Communities, and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec

"Through the federal Gas Tax Fund, municipalities and Inuit Community Governments across Newfoundland and Labrador have been able to build, renew and upgrade infrastructure, to make communities better places for residents and families. This new agreement worth over $155 million in the next five years, will allow communities to continue to identify key projects each year, which will deliver real and tangible benefits to residents. In addition, through this agreement we will continue to support the ongoing work of the Newfoundland and Labrador Provincial Waste Management Strategy. "

The Honourable Clyde Jackman - Minister of Municipal and Intergovernmental Affairs

Associated Links:

Learn more about the federal Gas Tax Fund: http://www.infrastructure.gc.ca/plan/gtf-fte-eng.html



Learn more about the federal Gas Tax Fund in Newfoundland: http://miga.gov.nl.ca/for/gta.html

(i)NOTE: GTF funding by jurisdiction for the first five years (2014-2019) is based on 2011 Census data. GTF funding for 2019-2024 will be based on 2016 Census data. For illustrative purposes, Census 2011 data has been used for all 10 years. Due to the indexation of the GTF, funding for 2019-2024 is expected to be at least equal to GTF funding for the first five years.

FOR FURTHER INFORMATION PLEASE CONTACT: Vincent Rabault, Press Secretary Office of the Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec 613-943-1838 Kelsie Corey Director of Communications Office of the Honourable Rob Moore Atlantic Canada Opportunities Agency 613-941-7241 Hugh Donnan Director of Communications, Department of Municipal and Intergovernmental Affairs 709-729-1983 Infrastructure Canada 613-960-9251 Toll free: 1-877-250-7154 media@infc.gc.ca Follow us on Twitter at @INFC_eng Source: Government of Newfoundland and Labrador


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Source: Marketwire (Canada)


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