The 2014 New Building Canada Plan
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- The 2014 New Building Canada Fund
- The Federal Gas Tax Fund
- Cost-Sharing: Supporting more Projects with every dollar
- Public and private sectors have a role to play — Project Recipients
- Generating economic growth and prosperity — Project Categories
- Support for First Nations infrastructure
- Provincial-Territorial Infrastructure Component (PTIC)
What is it?
The 2014 New Building Canada Plan builds on the Government of Canada's investments in infrastructure. In 2007, the Government of Canada provided $33 billion in funding across the country. The 2014 New Building Canada Plan focuses on supporting projects that enhance economic growth, job creation and productivity.
Why is it important?
The Government of Canada is committed to investing in Canada's infrastructure to reduce commuting times for families, enhance economic competitiveness, encourage job creation and strengthen trade corridors.
We understand the vital importance of infrastructure to help get goods to market, to connect people and businesses with the world, and to reduce gridlock on our roads and highways. The 2014 New Building Canada Plan will continue to support infrastructure projects that will enhance the quality of life for all Canadians.
How does it work?
The 2014 New Building Canada Plan provides stable funding for a 10-year period. It includes:
- The Community Improvement Fund, consisting of the Gas Tax Fund and the incremental Goods and Services Tax Rebate for Municipalities, will provide over $32 billion over 2014-24 to municipalities for projects such as roads, public transit and recreational facilities, and other community infrastructure.
- A $14-billion New Building Canada Fund, which consists of the:
- $4-billion National Infrastructure Component (NIC) that will support projects of national significance; and
- $10-billion Provincial-Territorial Infrastructure Component (PTIC) for projects of national, regional and local significance. Of this amount, $1 billion is dedicated to projects in communities with a population of fewer than 100,000 residents.
- An additional $1.25 billion in funding for the P3 (Public-Private Partnerships) Canada Fund administered by PPP Canada. For further information, please visit their website.
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