Oct. 5, 2009
MONCTON (CNB) - The federal and New Brunswick governments are joining the City of Moncton in investing in the construction of the Tower Road 2nd Dam and Reservoir project in Moncton.
Justice and Consumer Affairs Minister Mike Murphy and federal Veterans Affairs Minister Greg Thompson made the announcement today.
The project will significantly increase the region's capacity to safely supply water to the City of Moncton, the City of Dieppe and the Town of Riverview as well as meet current and future demand. Construction is expected to begin in late 2009, with completion expected in late 2012.
"This infrastructure investment is very important to New Brunswick's self-sufficiency agenda," said Murphy. "This project will contribute to the sustainability of our communities, and it will ensure that communities such as Moncton, Dieppe and Riverview continue to be places where people can live in a healthy, clean and safe environment."
Murphy was speaking on behalf of Business New Brunswick Minister Victor Boudreau, who is also the minister responsible for the Regional Development Corporation.
"Our government is creating jobs, stimulating our economy and improving our environment through projects that will bring immediate- and long-term benefits," said Thompson. "This project is a perfect example. This investment will allow residents in the Greater Moncton area to have confidence in the safety of their drinking water, both today and for years to come. We are proud to be working with our provincial colleagues to build modern infrastructure in communities across New Brunswick and throughout Canada."
The federal government is setting aside a maximum contribution of $9.79 million; the provincial government will match this contribution. The City of Moncton will provide all remaining funding. Total eligible project costs are estimated at $31.2 million. Federal funding will come from the Major Infrastructure Component of the Building Canada Fund. Funding is conditional on the project meeting all of the requirements under the program and the signing of a contribution agreement for the project.
"This is great news," said Moncton Mayor George LeBlanc. "We want to thank the provincial and federal governments for their support. This project is very important. A clean, safe and reliable water supply is absolutely essential to the prosperity and quality of our great communities."
Beyond this funding announcement, the Government of Canada is taking steps to support economic growth. Canada's Economic Action Plan is accelerating and expanding the existing federal investment of $33 billion in infrastructure across Canada with almost $12 billion in new infrastructure stimulus funding over the next two years. Funding will be available for two years for projects that will begin during the 2009 and 2010 construction seasons.
The federal and New Brunswick governments have agreed to work together to ensure that these funds are delivered quickly and efficiently so that construction may begin as soon as possible.
MEDIA CONTACTS: Bruce Macfarlane, Regional Development Corporation, 506-444-4606; Chris Day, communications, Office of Canada's Transport and Infrastructure Minister, 613-991-0700; Infrastructure Canada, 613-948-1148.