Prince Edward island and New Brunswick are the latest to sign on to the Building Canada Plan, which means they’re entitled to some funding.

Today, federal and provincial governments signed the Communities Component of the Building Canada Plan in Charlottetown, PEI, and officially launched the new program. Through the Communities Component, the federal and provincial governments together will invest $44 million through until 2014, which will help meet the local infrastructure needs and priorities of Prince Edward Island communities. With matching contributions from communities, the total funding made available under the Communities Component could increase to $66 million over the life of the program. After July 14, 2008, municipalities can submit online applications for the Communities Component of the Building Canada Plan here.

Meanwhile, a deal signed in Fredericton, NB, has the federal and provincial governments investing $66 million between now and 2014 in villages and towns. With matching contributions from communities, the total funding made available under the Communities Component could increase to $99 million over the life of the program. Municipalities will be able to submit their applications for the Communities Component of the Building Canada Fund as of July 10 here.

The Communities Component provides funding towards several categories of infrastructure projects, including water, wastewater, solid waste management, public transit, green energy, and capacity building.

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