Canada - Ontario Infrastructure Partnership Creates Thousands Of Jobs, Stimulates Economy
Oakville, Ontario - In the largest-ever combined infrastructure investment in Canadian history, communities across Ontario will receive nearly $3.4 billion in joint federal-provincial-municipal funding for nearly 1,400 key infrastructure projects.
John Baird, Canada's Transport and Infrastructure Minister, and George Smitherman, Ontario Deputy Premier and Minister of Energy and Infrastructure, today announced joint funding for shovel-ready infrastructure projects, expected to create thousands of jobs and help stimulate the economy, with money allocated from Canada's Economic Action Plan and Ontario's 2009 provincial budget, Confronting the Challenge: Building Our Economic Future.
"Under the strong leadership of Prime Minister Stephen Harper, our Government is taking action to put shovels in the ground and flow money faster to stimulate the economy and create jobs for Ontarians," said Minister Baird. "Thanks to the solid relationship between our two governments, we can work together to help Ontario communities and the economy thrive now and in the future."
"Under the strong leadership of Premier Dalton McGuinty, Ontario is leading the way," said Minister Smitherman. "Investing in these projects will create jobs now and lead to improved transportation and enhanced facilities and services in communities across Ontario. Our governments are working together to create a competitive advantage that attracts business and strengthens our economy."
Canada and Ontario are working together to create jobs and boost the economy, while making significant investments that help communities improve their infrastructure. Both governments have agreed to work together to ensure that these funds are delivered quickly and efficiently to municipalities in Ontario.
The new federal $4-billion Infrastructure Stimulus Fund provides funding to construction-ready infrastructure projects that will be built during this year's and next year's construction seasons. Close to 1,200 infrastructure projects in communities across Ontario will receive a total of $1.85 billion in joint federal and provincial investments. .
As well, today the governments of Canada and Ontario announced joint funding of more than $408 million for communities across Ontario under the Communities Component of the Building Canada Fund. The governments of Canada and Ontario are contributing two-thirds of the total eligible costs of 183 projects, while Ontario communities are contributing the remainder of the funds.
The Government of Canada's 2009 Economic Action Plan is accelerating and expanding the existing federal investment of $33 billion in infrastructure across Canada with almost $12 billion in new infrastructure stimulus funding over the next two years.
Through the 2009 Ontario Budget - Confronting the Challenge: Building Our Economic Future - the province is investing $32.5 billion in infrastructure for the province of Ontario over the next two years, including a $5 billion contribution from the federal government that will support more than 300,000 jobs and strengthen Ontario's economy.