Premier Brian Gallant and federal Infrastructure and Communities Minister Amarjeet Sohi have signed a bilateral agreement that will provide more than $673 million over the next decade in federal funding under the Investing in Canada plan.
“Your government’s multi-year economic growth plan includes investing in New Brunswick’s infrastructure to create jobs,” said Gallant. “Infrastructure investments help stimulate the economy and improve the quality of life of New Brunswickers.”
Under the new agreement, New Brunswick will receive $673,217,569 for four core areas of infrastructure development over the next 10 years: public transit, green infrastructure, community, culture, and recreation infrastructure, and rural and northern communities infrastructure. The breakdown of the funding is:
- $165,202,662 for public transit;
- $347,151,232 for green infrastructure;
- $46,230,038 for community, culture, and recreation infrastructure; and
- $114,633,636 for rural and northern communities infrastructure.
“Long-term investments in infrastructure are key to building a strong Canada, connecting people, creating good jobs for the middle class, and building our economy and our communities for the future,” said Sohi. “We are pleased to reach a new agreement with New Brunswick to invest in infrastructure projects that will benefit all communities for years to come. Collaboration and partnership have been at the heart of the success of our Investing in Canada plan and we will continue to work with provinces, territories, municipalities, indigenous communities, stakeholders, and Canadians from coast to coast to coast.”
The investments are intended to:
- improve the movement of people and goods;
- protect clean air and water;
- reduce greenhouse gas emissions;
- result in more efficient cities;
- support sustainable water management;
- support public spaces that help make communities great places to live;
- improve transportation and digital infrastructure for people living in remote communities; and
- improve energy security and reduce reliance on diesel fuel in the North.
The Investing in Canada plan is designed to invest in infrastructure while providing the flexibility for provinces and communities to identify their priorities and projects.