Saskatoon

Feds provide funds for Saskatchewan projects

Friday, November 28, 2014

The Government of Canada is providing $436.7-million, through the Provincial Territorial Infrastructure Component (PTIC) of the New Building Canada Fund (NBCF), to the province of Saskatchewan for new projects. Of that sum, $196.5-million will be dedicated to provincial projects and the remaining $240.2-million will go to other eligible PTIC applicants.

The province began accepting applications on November 24.

“The New Building Canada Fund will help advance key goals of the Saskatchewan Plan for Growth, as well as contribute to a higher quality of life for our residents,” says Jim Reiter, Government Relations Minister. “This funding will support Saskatchewan communities in meeting some of their infrastructure challenges, and in order to get projects underway as soon as possible, we are starting the application process today.”

The investment, which will be delivered over the next ten years, will include projects that focus on economic growth, a clean environment, stronger communities, and trade and export growth. The PTIC is divided into the National and Regional Projects and the Small Communities Fund and eligible applicants can apply for support from both funds.

“Cities, towns, and villages across Saskatchewan look forward to having this program ready to go for the 2015 building season,” says Debra Button, Saskatchewan Urban Municipalities Association (SUMA) President. “SUMA particularly welcomes the province’s commitment to maximize the share of funding so we can build our communities, the social and economic heartbeat of our province.”

Qualifying PTIC applicants will receive funding, in equal quantities, from the federal government, the provincial government and other eligible recipients. Total investments from the federal and provincial governments will amount to over $870-million.

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