Sept. 22, 2009
MONCTON (CNB) - The federal and New Brunswick governments are joining the City of Moncton in providing financial support to the new, $12.5-million Codiac Transit facility in Moncton.
The announcement was made yesterday by Transportation Minister Denis Landry and federal Veterans Affairs Minister Greg Thompson.
"A quality transit system is a key element in attracting new families and businesses that support economic and community development," said Landry. "My department has worked closely with the City of Moncton to develop a five-year capital investment plan to serve effectively the needs of metro residents. The reconstruction and modernization of the existing operations facility, scheduled for completion by March 31, 2010, will provide for fleet expansion, service improvement and environmental benefits."
Public transit services in Greater Moncton will receive more than $12 million in federal funding, provided under the Canada-New Brunswick Agreement on Public Transit, administered by the Department of Transportation. The City of Moncton is committed to an annual capital investment of $510,000 from municipal sources for public transit services.
"The Government of Canada understands that public transit plays an important role in strengthening the economy and contributing to a healthier, more sustainable environment," said Thompson. "For Moncton, this means increased transit services that will create jobs and improve the daily commute for residents and their families."
Codiac Transit serves Moncton, Dieppe, Riverview and Lakeside. Codiac Transit operates 40 buses on 18 transit routes, serving 1.8 million passengers annually. The new facility will be built at the existing operations centre and involve extensive modernization and expansion. Phase one of the project will include site preparation; phase 2 will be construction.
"This is great news," said Moncton Mayor George LeBlanc. "I want to thank the federal government for providing this much-needed funding for our new Codiac Transit facility. Our public transit system is key to Moncton's ongoing growth and success, and this new facility will serve us well as we continue to develop our system and offer improved transit service to our residents."
Funding for public transit is consistent with the investments the Government of Canada is making in infrastructure. Canada's 2009 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.
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: Andrew Holland, communications, Department of Transportation, 506-453-5634; 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.