Post-Secondary Education, Training and Labour

$43.5 million for Saint John's post-secondary institutions (09/06/08)

NB 816

June 8, 2009

SAINT JOHN (CNB) - The federal and New Brunswick governments are making an investment of $43.5 million in post-secondary institutions in Saint John. The announcement was made by Energy Minister Jack Keir and Saint John MP Rodney Weston.

(Multimedia)

The investments are:

"Today, we are fulfilling a Charter for Change commitment and providing opportunities and choices for New Brunswick students," said Keir. "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."

Keir attended on behalf of Post-Secondary Education, Training and Labour Minister Donald Arseneault.

Today's announcement follows an announcement last week that New Brunswick will receive $49 million from KIP. This includes $36.8 million for universities and $12.25 million for the NBCC. This funding complements the provincial government's $80 million commitment for universities and $100 million commitment to the NBCC system.

"At a time of economic uncertainty, the Government of Canada is making a strong intervention to stimulate economic activity through KIP," said Weston. "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."

Weston was speaking on behalf of Tony Clement, federal industry minister.

"By building a new NBCC campus in Saint John, 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 Keir. "This investment shows that our government recognizes the importance of investing today in future generations, and ensuring we move forward on the Benefit's Blueprint recommendations."

The plan, Be Inspired. Be Ready. Be Better. The Action Plan to Transform Post-Secondary Education in New Brunswick, is available online.

"A strong knowledge base is critical for the growth of our economy and the growth of our energy sector," said Keir. "Investments such as this one that will propel our energy hub forward and ensure its lasting success."

09/06/08

MEDIA CONTACT: Marie-Josée Groulx, communications, Department of Post-Secondary Education, Training and Labour, 506-444-3465.

09/06/08