July 24, 2009
DIEPPE (CNB) - The federal and New Brunswick governments have joined forces with municipalities to invest a combined $72 million in 32 community infrastructure projects.
Premier Shawn Graham and Keith Ashfield, minister of state responsible for the Atlantic Canada Opportunities Agency (ACOA), made the announcement today.
"Ensuring we have strong infrastructure is vital for New Brunswick to remain positioned to be self-sufficient," said Graham. "These investments will help spur jobs and ensure New Brunswick communities have quality infrastructure to protect the residents' health and wellness and the environment."
The projects are intended to help stimulate the local economy and support continued economic growth and environmental protection.
"The investments we are making today will create jobs now during these tough economic times," said Ashfield. "By investing in the infrastructure needs of communities across New Brunswick, we will improve our quality of life as well as help to boost our regional economy now and for years to come."
Federal and provincial contributions total almost $26 million for 12 projects. In its Economic Action Plan, the federal government announced another $500 million nationally under the Communities Component. This funding is aimed at projects that can be completed by March 31, 2011. Today, the federal and New Brunswick governments announced they were together investing more than $22 million toward 20 projects under the Communities Component top-up.
The Economic Action Plan is accelerating and expanding the existing federal investment of $33 billion in infrastructure with almost $12 billion in new infrastructure stimulus funding over two years. Federal and provincial representatives are working closely to ensure that these infrastructure funds are being spent on priority projects across the province.
More information about the Economic Action Plan is online.
MEDIA CONTACTS: Bruce Macfarlane, Regional Development Corporation, 506-444-4606; Erin Filliter, Office of the Minister of State for the Atlantic Canada Opportunities Agency, 613-941-724; Chris Day, Office of Canada's Transport and Infrastructure Minister, 613-991-0700.