June 12, 2009
HANWELL (CNB) - New Brunswick drivers will benefit from improved highways and transportation thanks to a partnership between the governments of Canada and New Brunswick. Premier Shawn Graham and Greg Thompson, minister of veterans affairs, today announced that the two governments will contribute more than $70 million toward highway construction and rehabilitation across the province.
"This $35-million investment in highway infrastructure is the latest example of our government's firm commitment to provide New Brunswick with the leadership necessary for a stronger economy during the current global economic downturn," said Graham. "In keeping with our pledge, we're continuing to implement our plan to keep New Brunswick on track for economic recovery, renewed growth, and the achievement of self-sufficiency by 2026."
Funding will support construction on 29 highway sections throughout New Brunswick, including upgrades to several points along routes 15, 8 and 11. These upgrades will improve safety, security and travel times for drivers living in, and travelling through, the province.
"This announcement is another example of what our government is doing to stimulate the economy and create jobs - for both the short term and the long term," said Thompson. "This investment to improve New Brunswick's highways will have a real and lasting impact on our province, and keep people working during these tough economic times."
The total eligible cost of all 29 initiatives is $70.3 million. The Government of Canada will contribute up to $35.15 million, with a matching contribution from the province.
The federal $4-billion Infrastructure Stimulus Fund is a key component of Canada's Economic Action Plan. The fund invests in provincial, territorial and municipal construction-ready infrastructure rehabilitation projects that will be built during this year's and next year's construction seasons. More projects under the fund will be announced soon.
Canada and New Brunswick are working together to create jobs and boost the economy, while making significant investments that help communities improve their infrastructure. Both governments have agreed to work together to ensure that these funds are delivered quickly and efficiently to municipalities in New Brunswick.
The Infrastructure Stimulus Fund complements existing and long-term federal infrastructure funding by focusing on short-term objectives for economic stimulus. To further this goal of rapid economic stimulus, the fund will focus on construction-readiness as an important project selection criterion. The full $4 billion will be distributed in fiscal years 2009-10 and 2010-11. Projects will focus largely on the rehabilitation of existing assets such as water, wastewater, public transit, highways, roads, culture, parks, and trails.
More information about infrastructure funding and Canada's Economic Action Plan may be found online.
EDITOR'S NOTE: Following is a list of the 29 highway projects that will receive funding under the Infrastructure Stimulus fund. MEDIA CONTACTS: Bruce Macfarlane, corporate secretary, Regional Development Corporation, 506-444-4606; Chris Day, press secretary, Office of Canada's Transport and Infrastructure Minister, 613-991-0700; Infrastructure Canada 613-948-1148.
Highway projects that will receive funding under the Infrastructure Stimulus Fund