Canada And Nova Scotia Sign 634 Million Infrastructure Agreement

"The signing of a Framework Agreement between the Government of Canada and Nova Scotia, in the spirit of open federalism, will result in significant infrastructure initiatives that will strengthen Nova Scotia's economy, communities, and contribute to a cleaner environment," said Minister Cannon. "The safety and security of our road system is a key priority for the Government of Canada. The investment of a twinned highway outside Antigonish is an example of how Building Canada is helping to ensure that Nova Scotians have modern, safe and efficient infrastructure," stated Minister MacKay. "Today's announcement is a major step forward in improving our province's infrastructure – its roads, green energy, public transit, its water and wastewater systems," said Premier MacDonald. "We are taking a giant step forward in building stronger, more vibrant communities in Nova Scotia." ... Federal financial support for the Highway 104 project is conditional on the initiative meeting all applicable federal eligibility requirements under the Building Canada infrastructure plan, including completion of a full federal due diligence review of the project, successful completion of any environmental assessments required under the Canadian Environmental Assessment Act, and signature of necessary contribution agreements for the project. The Framework Agreement sets the stage for a collaborative investment in the infrastructure needs of Nova Scotia. Under this Agreement, $235.68 million from the Building Canada Fund will go towards infrastructure initiatives in Nova Scotia. Of this amount, $37 million will be allocated to smaller-scale projects in communities with populations of less than 100,000. As well, $198.68 million of the Building Canada Fund will be dedicated to major infrastructure projects, particularly in priority areas such as the National Highway System, transit, water and wastewater treatment and green energy. This component will support investments in Cape Breton and Halifax. Under the Framework Agreement, the Province of Nova Scotia will also receive $25 million base funding annually, for a total of $175 million through to 2014 for core infrastructure priorities in Nova Scotia. A further $223.70 million will flow to Nova Scotia municipalities through the extension of the Gas Tax Fund agreement from 2010 to 2014. ... http://news.gc.ca/web/view/en/index.jsp?articleid=360139

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