New Bilateral Agreement for Alberta Infrastructure
April 4, 2018
OTTAWA: Jim Eglinski, Member of Parliament for Yellowhead, is pleased to inform residents that the Government of Canada and Government of Alberta have signed a new bilateral agreement that will provide more than $3.3 billion over the next ten years for infrastructure projects in the province.
These projects will be cost-shared with the Alberta government, municipalities and other partners. The funding will be invested in public transit, green infrastructure, recreational cultural, and community infrastructure, as well as rural and northern communities.
“This builds on a previous announcement that the federal cost share for infrastructure projects through the Investing in Canada plan will increase from 50% to 60% for rural and northern communities,” stated MP Eglinski. “This will help lessen the financial burden on these communities and increase their access to infrastructure funds.”
The announced agreement builds on Alberta’s 2018 Capital Plan, which commits $26.6 billion over five years to support priority infrastructure projects across the province. The announcement is also part of a series of federal-provincial agreements to invest in infrastructure across the country. Provinces are expected to develop three-year plans that will outline how they will implement their infrastructure projects.
“It is paramount that the Alberta Government ensures a sizable portion of this funding is made available to projects in rural and remote municipalities. This will help our communities create economic growth and remain competitive while investing in projects such as broadband, water, and road infrastructure,” concluded MP Eglinski.
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