Nunavut will benefit from $53 Billion New Building Canada Plan

February 21, 2014

Iqaluit – The Honourable Leona Aglukkaq, Minister of the Environment, Minister of the Canadian Economic Development Agency Minister of the Arctic Council, and Member of Parliament for Nunavut on behalf of the Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister for the Economic Development Agency of Canada for the Regions of Quebec, today highlighted important details of the $53B New Building Canada Plan.

These details, which relate to key elements of the New Building Canada Fund, provide provinces, territories and municipalities with the information they need to plan infrastructure projects in their jurisdictions. They include dedicated funding for small communities, Provincial-Territorial allocations, project categories eligible for support, cost-sharing thresholds and public-private partnership (P3) screening requirements.

Economic Action Plan 2013 builds on our Government’s historic infrastructure investments, with $70 billion for public infrastructure over the next decade, including the $53 billion New Building Canada Plan for provincial, territorial and municipal infrastructure. For Nunavut, this represents an estimated $419M in dedicated federal funding. The New Building Canada Plan, which is expected to launch in Spring 2014, is the largest, long-term infrastructure plan in our nation’s history and it will continue to focus on projects that enhance economic growth.

In 2007, our Government provided $33B in stable, flexible and predictable funding across the country. In fact, $6B under existing programs will continue to flow to projects across the country this year and beyond, and municipalities are also receiving $2B a year through the federal Gas Tax Fund.

Quick Facts

• The $53B New Building Canada Plan is the largest, long-term federal infrastructure plan in Canadian history, providing stable funding for a 10 year period.
• Over $32B is specifically available for municipalities through the permanent and indexed Gas Tax Fund and the incremental Goods and Services Tax Rebate for municipalities.
  • Nunavut also stands to benefit from:

• $4B available for projects of national significance

• $1.25B in additional funding available for P3 projects

• $10.4B via the GST Rebate which provides municipalities across the country with additional resources to address their infrastructure priorities

Quotes

“Our Government has proudly made unprecedented investments in Nunavut’s infrastructure. Since 2006, combined with investments under other federal infrastructure programs, Nunavut has benefited from over $321M toward infrastructure improvements across the territory. The New Building Canada Plan builds on the significant investments our Government has already made in the North.”

– Leona Aglukkaq

Member of Parliament for Nunavut