Budget 2015: Investing in Infrastructure

New Building Canada Plan is the largest, longest-running infrastructure commitment in Canadian history

Since 2006, the Government of Canada has led the way in infrastructure investments to build roads, bridges, subways, rail, and much more. In fact, the New Building Canada plan is the largest, longest-running, federal infrastructure commitment in Canada’s history.

The Economic Action Plan 2015 adds to this record of strong infrastructure and strong communities by:

  • Continuing to provide $5.35 billion per year on average for provincial, territorial, and municipal infrastructure under the New Building Canada Plan
  • Investing $750 million over two years starting in 2017-18, and $1 billion per year thereafter, for a new Public Transit Fund aimed at building new public transit infrastructure to reduce congestion and fight gridlock in large cities
  • Government is providing $5.8 billion on a cash basis over six years, starting in 2014-2015, to build and renew infrastructure and on-reserve schools across the country
  • Supporting the most vulnerable in our communities by providing $150 million over four years, starting in 2016-17, to support social housing in Canada by allowing social housing providers to prepay their long-term, non-renewable mortgages penalty
  • Providing $99.6 million over four years ($1.35 billion on a cash basis) starting next year to renew support for the Federal Contaminated Sites Action PlanFederation of Canadian

Municipalities: “The transit investment in this budget is good news for Canadians and marks and important achievement on a key issue they face every day. This level of permanent, ongoing funding has the potential to be transformative for public transit across this country.”