Ontario’s government announced new infrastructure funding that will also help create and protect good jobs across the province as well as help improve roads, bridges and transit infrastructure.
The funding falls under the Investing in Canada Infrastructure Program, which will unlock up to $30 billion in combined federal, provincial, and local investments in communities across the province over the next 10 years. Ontario’s share per project will be up to 33 percent, or $10.2 billion spread across four streams: 1. Rural and Northern 2. Public Transit 3. Green 4. Community, Culture and Recreation.
The first stream of the funding, the Rural and Northern stream, is open to cities and Indigenous communities with populations under 100,000. Those communities, about 500 of them, will have eight weeks beginning March 18 to nominate road and bridge projects.
“Our economy, communities, and families all depend on infrastructure. This program will bring major infrastructure investments that people rely on,” said Monte McNaughton, Minister of Infrastructure. “And when we invest in smart infrastructure, we create jobs and grow the economy, shaping the future for hard-working families in Ontario. Our province is open for business and open for jobs.”
