Wednesday, July 23, 2014

Fed Gov't News

Fueling Infrastructure

Chilliwack, Fraser Canyon riding to get Gas Tax Funds

Released by Robert Pearsall, PA to MP Mark Strahl

 

n behalf of the Honourable Denis Lebel, Minister of Infrastructure, Communities, and Intergovernmental Affairs, Chilliwack-Fraser Canyon MP Mark Strahl announced that the first installment of the federal Gas Tax Fund (GTF) for 2014 is being made available to support local infrastructure priorities.

 

"The predictable funding of the renewed Gas Tax Fund allows municipalities to make important investments in our local infrastructure that are needed to build strong and prosperous communities." Strahl added, "Greater flexibility in the program means that municipalities, more than ever before, can choose projects that best meet the priorities of their community."

With newly expanded eligible investment categories, municipalities can now spend funding in the following areas: drinking water; wastewater; solid waste; public transit; local roads and bridges; community energy systems; capacity building; disaster mitigation; broadband connectivity; highways; short-line rail; short-sea shipping; brownfield redevelopment; regional and local airports; and projects supporting culture, tourism, sport and recreation.


Through the GTF local governments have benefited from close to $1.56 billion. Over the next ten years local governments in BC will receive an additional $2.76 billion. Funding for this installment was announced for the following communities in Chilliwack-Fraser Canyon:

Ashcroft $115,406
Cache Creek $91,783
Chilliwack $3,181,142
District of Kent $277,556
Harrison Hot Springs $108,978
Hope $289,809
Lillooet $143,288
Lytton $59,160
Pemberton $145,177

Federal Gas Tax Fund payments flow twice a year, generally in July and November, to provincial and territorial governments. In British Columbia funding is provided to the Union of British Columbia Municipalities who then release funds to local governments across the province on behalf of the Government of British Columbia.

Under the Conservative Government, significant improvements have been made to the program including: extending the program past its original five year mandate; doubling the funding from $1 billion to $2 billion; legislating the program as a permanent source of funding; and indexing the funding at 2 per cent per year.

The GTF is the largest component of the New Building Canada Plan, which will provide $53 billion in funding to communities across the country over the next decade.

To learn more about the federal Gas Tax Fund visit: www.infrastructure.gc.ca/plan/gtf-fte-eng.html

 

 

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