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British Columbia municipalities to receive $1.6 billion in federal infrastructure funds over five years

British Columbia municipalities to receive .6 billion in federal infrastructure funds over five years

By The Canadian Press on July 3, 2024.

British Columbia municipalities to receive .6 billion in federal infrastructure funds over five yearsBritish Columbia municipalities to receive .6 billion in federal infrastructure funds over five yearsThree levels of government say they have finalized a deal to provide more than $1.6 billion in federal funding over the next five years to communities in British Columbia to build and maintain “critical infrastructure.” A SeaBus passenger ferry passes an anchored bulk carrier and the downtown skyline are seen in Vancouver on Thursday, May 9, 2024. THE CANADIAN PRESS/Darryl Dyck

VICTORIA – Three levels of government say they have finalized a deal that will provide more than $1.6 billion in federal funding over the next five years to communities in British Columbia to build and maintain “critical infrastructure.”

Under the new Canada Community-Building Fund agreement, local governments in British Columbia will receive $300 million in federal infrastructure funding in 2024-25.

A statement announcing the deal said more than $825 million, about half of the total over the next five years, will go to TransLink, Metro Vancouver’s public transit network.

The deal was jointly announced by federal Housing, Infrastructure and Communities Minister Sean Fraser, British Columbia Municipal Affairs Minister Anne Kang and Union of BC Municipalities President Trish Mandewo.

The Canada Community-Building Fund is first provided by the federal government to the provinces and territories, which then distribute the funds to communities.

The statement said that improving municipal infrastructure, such as public transportation, recreational centers and water and waste systems, is an important part of addressing the housing crisis.

Projects previously supported by the fund include highway and local road improvements, flood control measures and organic waste transfer facilities.

This report by The Canadian Press was first published July 3, 2024.

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