02/13/2014
This afternoon the Prime Minister, the Right Honourable Stephen Harper, announced additional details of the New Building Canada Fund. The $14 billion, ten-year New Building Canada Fund was first announced in Budget 2013 and intended to flow for the 2014 construction season. Today the federal government provided additional details regarding the funding and how the program will operate. AMO is pleased that the federal government is targeting spring 2014 for applications, bringing us a step closer to the announced April 1st target date. However, AMO is seeking additional information such as the full details of the Building Canada Fund agreement, eligibility and application requirements to assess how municipal interests have been addressed. AMO is also interested in the provincial response to the announcement since Ontario is a funding partner. The New Building Canada Fund will continue to be application-based with categories available to both large and smaller municipalities. The new fund’s Small Communities Fund will set aside $1 billion nationally over ten years to fund local projects in communities under 100,000 in population. Initial Building Canada Fund Details Building Canada Fund: