Regional Development Corporation / Transportation

$9.53-M investment in highways (10/02/01)

NB 133

Feb. 1, 2010

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(Multimedia)

MIRAMICHI (CNB) - The provincial and federal governments are investing a total of $9.53 million in seven highway improvement projects.

The announcement was made on Jan. 30 by Transportation Minister Denis Landry and National Revenue Minister Keith Ashfield, who is also the minister of the Atlantic Canada Opportunities Agency and the Atlantic Gateway.

"These highway investments will provide immediate benefits and will be the foundation of sustainable long-term economic growth and self-sufficiency," said Landry. "We are taking action to make New Brunswick's infrastructure more safe and efficient, creating jobs and boosting our economy."

The federal government is contributing $4.77 million under the Infrastructure Stimulus Fund, while the province is matching this amount.

"Canada's Economic Action Plan is ensuring that the Province of New Brunswick emerges strong from this period of economic recovery," said Ashfield. "As we enter Phase II of Canada's Economic Action Plan, our priority will be to continue the rapid implementation of the Economic Action Plan and roll out the remaining stimulus projects across the country. At the same time, we are planning for deficit reduction once the economy has recovered, and we are building a strong foundation for job creation and economic growth."

The projects involved include:

The federal $4-billion Infrastructure Stimulus Fund is a component of Canada's Economic Action Plan. The fund invests in construction-ready infrastructure projects that can be completed by March 31, 2011.

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MEDIA CONTACTS: Bruce Macfarlane, Regional Development Corporation, 506-476-1376; Erin Filiter, Office of the Minister of National Revenue, 613-941-7241; Infrastructure Canada, 613-948-1148.

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