July 25, 2017 Halifax, Nova Scotia Infrastructure Canada
Modern and up-to-date community infrastructure helps connect people to jobs and provides access to better community services, attracts new businesses and creates economic growth.
This month, the Government of Canada delivered the first of two annual $27 million federal Gas Tax Fund (GTF) installments to Nova Scotia. In total, the province of Nova Scotia will receive $55 million in the Gas Tax Fund this year. Our municipalities in South Shore-St. Margaret’s will receive a combined total of over $4 million dollars.
The funding, which flows through the provincial government to all of its municipalities, is now available to support community infrastructure projects. Based on previous years, GTF funding supports approximately 180 local infrastructure projects across Nova Scotia each year.
Some examples of the projects being funded this year include to construct a new overhead pedestrian crosswalk system at Dufferin and Exhibition in the Town of Bridgewater.
The two Gas Tax Fund installments for this year are in addition to funds flowing to Nova Scotia under the Investing in Canada plan.
- Since the program was first introduced in 2005, over $588 million has been provided to Nova Scotia communities through the federal Gas Tax Fund.
- The federal Gas Tax Fund makes over $2 billion available each year, and through it provides each community across Canada with a permanent, predictable and indexed source of long-term funding. The funding is made available in two annual installments, in July and November.
- The federal Gas Tax Fund offers significant flexibility. Local communities can make strategic investments across 18 different project categories, including roads and bridges, public transit, drinking water and wastewater infrastructure, and recreational facilities. Communities can use the funds immediately for priority projects, bank the funds for later use, pool the dollars with other communities for shared infrastructure projects or use it to finance major infrastructure expenditures.
- The Government of Canada is providing more than $180 billion in infrastructure funding over 12 years for public transit, green infrastructure, social infrastructure, transportation that supports trade, and Canada’s rural and northern communities.