June 5, 2009
FREDERICTON (CNB) - The federal and New Brunswick governments are making an investment of $36 million in the two universities and the New Brunswick Community College (NBCC) campus in Fredericton.
The announcement was made by Premier Shawn Graham and Keith Ashfield, minister responsible for the Atlantic Canada Opportunities Agency (ACOA).
Through the federal Knowledge Infrastructure Program (KIP) and provincial contributions, the University of New Brunswick is receiving $18 million towards the construction of the Currie Centre. Saint Thomas University is receiving close to $3 million to upgrade various buildings.
"Today, we are not only fulfilling a Charter for Change commitment, we are also providing opportunities and choices for New Brunswick students," said Graham. "KIP provides an opportunity for effective partnerships between the provincial and the federal government during the renewal and rebuilding of strong Canadian and provincial economies. This funding, coupled with our recent substantial capital investments for the NBCC and for our public universities will allow New Brunswick to continue moving forward on the road to self-sufficiency."
The provincial government has already committed $100 million to the NBCC and $80 million to public university infrastructure. The investments announced today are funded by both levels of government and, in some cases, with contributions from the post-secondary institutions.
"At a time of economic uncertainty, the Government of Canada is making a strong intervention to stimulate economic activity through KIP," said Ashfield. "This initiative to renew Canada's college and university infrastructure will provide a significant short-term economic stimulus and put many people to work, while also strengthening Canada's position as a world leader in science and technology for the benefit of all Canadians."
Ashfield participated in the announcement on behalf of Tony Clement, federal minister of industry.
"By building a new NBCC campus, we are moving forward with Be Inspired. Be Ready. Be Better. The Action Plan to Transform Post-Secondary Education in New Brunswick and increasing the NBCC," said Post-Secondary Education, Training and Labour Minister Donald Arseneault. "This investment shows that our government recognizes the importance of investing today in future generations, and ensuring that the NBCC benefits from this commitment."
MEDIA CONTACT: Marie-Josée Groulx, communications, Department of Post-Secondary Education, Training and Labour, 506-444-3465.