Ted Falk, Member of Parliament for Provencher, applauded the agreement for the renewed federal Gas Tax Fund that provides predictable, stable funding for public infrastructure across Manitoba.
The federal Gas Tax Fund provides municipalities with the flexibility to choose and plan infrastructure projects based on their specific priorities. The renewed agreements will govern the flow of federal funds to each province and territory over the next 10 years, from 2014-15 until 2023-24.
“Through our Government’s commitment to provide unprecedented financial support for public infrastructure, we are ensuring that communities across the country enjoy a high standard of living and benefit from new economic opportunities,” said Falk. “This important funding will allow communities to address their specific infrastructure priorities.”
Since 2006, significant improvements have been made to the Gas Tax Fund; it has been extended, doubled, indexed and made permanent. By enshrining these commitments in legislation, provinces, territories and municipalities are assured of an ongoing funding stream to address their municipal infrastructure needs and priorities.
Under the renewed Gas Tax Fund, eligible categories have also been expanded, providing municipalities with more flexibility than ever before to support local infrastructure.
With this agreement, the Government of Canada is ensuring a seamless transition to the New Building Canada Plan, the largest long-term federal commitment to investing in Canada’s public infrastructure in our nation’s history.
