Canada and Ontario make new funding available for transformative infrastructure projects in Peterborough and region
Over $33 million available in federal funding for local public transit projects
Peterborough, Ontario, March 16 2018 — The governments of Canada and Ontario are working together to make long-term infrastructure investments to create economic growth, build inclusive communities and support a low carbon, green economy – leading to a higher quality of life for all Canadians.
On March 14, 2018, the Honourable Amarjeet Sohi, Minister of Infrastructure and Communities, and the Honourable Bob Chiarelli, Ontario Minister of Infrastructure, announced the signing of a bilateral agreement that will provide more than $11.8 billion over the next decade in federal funding dedicated to infrastructure projects under the Investing in Canada plan. The projects supported through this agreement will have a total value of over $31 billion, including $10 billion committed by the Ontario government. These projects will be cost-shared with the Ontario government, municipalities and other partners.
Through this agreement, the Government of Canada will be making unprecedented investments towards infrastructure across Ontario and providing the flexibility for its communities to identify their priorities and projects. These investments will help transform Canada in four priority areas: public transit; green infrastructure; community, culture and recreation infrastructure; and rural and northern community infrastructure.
Under the public transit stream, Peterborough and surrounding communities will receive over $33 million in federal funding and more than $27 million in provincial funding to build new transit networks and service extensions that will transform the way we live, move and work.
“Peterborough transit matters. This partnership with the provincial and federal governments will improve the economic and environmental sustainability of our community for families, students, seniors, workers and persons with disabilities. At the recent Rural Women’s Summit I hosted in Buckhorn, transportation emerged as the number one barrier and opportunity for social and economic growth for those living in the rural parts of our community. Knowing that the City and County of Peterborough will receive over $31 million in federal public transit funding will enable us to prioritize key transportation projects to grow our economy while protecting the environment.”
Hon. Maryam Monsef, Member of Parliament for Peterborough—Kawartha
“Efficient and sustainable public transit is key to the success of our communities, and plays a pivotal role in our environmental stewardship. By working with our provincial and municipal partners, we will deliver real support through transformative projects that will benefit the residents of Northumberland—Peterborough South.”
Kim Rudd, Member of Parliament for Northumberland—Peterborough South
“At its core, infrastructure is about people. Our government and federal partners understand that Ontario needs essential public infrastructure to support our thriving communities and ensure a high quality of life. I am pleased that through our investment of over $25 million in provincial funding, our community can prioritize investments in transit infrastructure to keep our community moving, protect the environment and boost our local economy. As a former City Councillor in Peterborough, I have always believed that investments in transit builds a complete community.”
Hon. Jeff Leal, Member of Provincial Parliament for Peterborough
- Under the Investing in Canada plan, the Government of Canada is investing more than $180 billion over 12 years in public transit projects, green infrastructure, social infrastructure, trade and transportation routes, and Canada’s rural and northern communities.
- Under the first phase of the plan, Infrastructure Canada has approved nearly 3,500 projects worth a combined investment of more than $8.4 billion.
- As part of the Plan, Infrastructure Canada will deliver over 11.8 billion to Ontario over the next decade through a new bilateral agreement under four funding streams:
o $8,340,401,116 for public transit;
o $2,848,855,330 for green infrastructure;
o $407,159,893 for community, cultural and recreational infrastructure; and
o $250,067,117 for wide-ranging infrastructure needs in rural and northern communities.
Government of Canada’s $180-billion+ Investing in Canada plan: http://www.infrastructure.gc.ca/plan/about-invest-apropos-eng.html
Investing in Canada plan project map: http://www.infrastructure.gc.ca/gmap-gcarte/index-eng.html
Federal infrastructure investments in Ontario: http://www.infrastructure.gc.ca/map-carte/on-eng.html