Canada and Ontario governments sign bilateral agreement for infrastructure investments
Mississauga, Mar 15 (IBNS): The governments of Canada and Ontario are working together to make long-term infrastructure investments that will create economic growth, sustain well-paying jobs, build inclusive communities and support a low carbon, green economy.
Ruby Sahota, Member of Parliament for Brampton North was on hand as Amarjeet Sohi, Minister of Infrastructure and Communities, and Bob Chiarelli, Ontario Minister of Infrastructure, announced the signing of a bilateral agreement that will provide more than $11.8 billion through the Investing in Canada plan over the next decade in federal funding dedicated to infrastructure projects.
The projects supported through this agreement will have a total value of over $31 billion, including $10 billion committed by the Ontario government.
These projects will be cost-shared with the Ontario government, municipalities and other partners.
The funding announced builds on Ontario’s $190 billion commitment to infrastructure over 13 years.
Across Canada, more than $33 billion in federal funding will be invested through new bilateral agreements with provinces and territories.
Provinces and territories will develop three-year plans that will provide information on how they will implement their infrastructure projects.
Sohi said: "This funding will make a real difference in Ontario communities. Long-term investments in infrastructure are key to building a strong Canada– connecting people, creating good jobs for the middle class, and building our economy and our communities for the future."
"Collaboration and partnership have been at the heart of the success of our Investing in Canada plan and we will continue to work with provinces, territories, municipalities, Indigenous communities, stakeholders, and Canadians from coast to coast to coast."
Sahota said: “Long-term investments in infrastructure are key to building a strong Canada. Efficient and sustainable public transit across Brampton plays an important role in keeping our communities among the best places in the world to live, while contributing to clean economic growth."
"As Brampton continues to grow, it is important all levels of government partner together to ensure the city’s infrastructure needs are met.”
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