May 29, 2009 12:10 PM
The province is also providing all colleges and universities with an additional $40 million to renew and upgrade facilities for students.
This funding is part of almost $800 million in capital funding the McGuinty government is allocating to colleges and universities this year - a boost to the $780 million the province originally committed in its 2009 budget. It also includes:
Ontario and Canada announced this week joint funding of approximately $1.5 billion for 49 projects through the federal Knowledge Infrastructure Program (KIP) and the 2009 Ontario budget.
Investing in the knowledge and skills of Ontarians is a cornerstone of the Ontario government's plan to strengthen the economy. Infrastructure investments at colleges and universities will create jobs and help stimulate the Ontario economy.
"We're boosting our support for postsecondary infrastructure to ensure that all colleges and universities in Ontario have the support they need to build and modernize facilities. This investment will help strengthen our economy by creating construction jobs in the short-term and by ensuring students can get a high-quality education in world-class, state-of-the-art facilities that will help them succeed in the future."
– John Milloy
Minister of Training, Colleges and Universities