First of two annual installments delivered to support local infrastructure priorities
July 27, 2017 – Victoria, British Columbia – Infrastructure Canada
Modern and up-to-date community infrastructure helps connect people to jobs and provides access to better community services, attracts new businesses and creates economic growth.
This month, the Government of Canada delivered the first of two annual $132.97 million federal Gas Tax Fund (GTF) installments to British Columbia. In total, the province will be provided with over $265.94 million this year through the fund. The funding, which flows through the Union of British Columbia Municipalities to all communities on a per capita basis, is now available to support community infrastructure projects.
Based on previous years, GTF funding supports over 700 local infrastructure projects across British Columbia each year.
Some examples of the projects being funded this year include the replacement of the 5th Street water main in the City of Grand Forks. The City of Chilliwack has plans to replace their existing curling rink with a new one, and the City of Abbotsford will be developing a new vision for a more populated, attractive and walkable neighbourhood with their newly funded City Centre Neighbourhood Plan (CCNP). The range of planned projects helps demonstrate the flexibility that the GTF provides.
The two federal Gas Tax Fund installments for this year are in addition to funds flowing to British Columbia under the Investing in Canada Plan.
- Since the program was first introduced in 2005, over $2.7 billion has been provided to British Columbia communities through the federal Gas Tax Fund.
- The federal Gas Tax Fund makes over $2 billion available each year, and through it provides each community across Canada with a permanent, predictable and indexed source of long-term funding. The funding is made available in two annual installments, in July and November.
- The federal Gas Tax Fund offers significant flexibility. Local communities can make strategic investments across 18 different project categories, including roads and bridges, public transit, drinking water and wastewater infrastructure, and recreational facilities.
- Communities can use the funds immediately for priority projects, bank the funds for later use, pool the dollars with other communities for shared infrastructure projects or use it to finance major infrastructure expenditures.
- The Government of Canada will invest more than $180 billion over 12 years in public transit projects, green infrastructure, social infrastructure, trade and transportation routes, and Canada’s rural and northern communities.
- The GTF is administered in British Columbia by the Union of B.C. Municipalities in partnership with the Government of Canada and the Province of British Columbia.
- The federal Gas Tax Fund
- The federal Gas Tax Fund in British Columbia:
- Investing in Canada, the Government of Canada’s new $180 billion infrastructure plan
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