The city of Hampstead, QC, Canada, will receive $560,186 under the federal-provincial agreement on the transfer of a portion of federal gasoline tax revenues and the government of Quebec's contribution. This is the first payment to Hampstead, which will receive a total of $1,120,371 by the end of 2009 for important infrastructure projects.
The city of Hampstead will use the funds to develop a response plan and to replace aqueduct and sewer sanitary pipe segments under Cote-Saint-Luc, Glenmore, Queen-Mary, Stratford and Dufferin streets.
"Canada's economic growth is the government of Canada's main focus," said Transport and Infrastructure Minister John Baird. "In Canada's Economic Action Plan, we announced funding of close to $12 billion over two years to boost infrastructure investments. This funding is additional to the money already flowing through the Gas Tax Fund, which benefits the city of Hampstead. Through our infrastructure commitments, the government of Canada supports a stronger economy, creates jobs and allows communities in Quebec and in Canada to be more prosperous."
"The funding announced today is a reflection of our commitment to improve the quality of life of citizens. This means that the city of Hampstead will now be able to rely on stable funding, which will facilitate the planning of the work that needs to be done. Another proof that the government of Quebec recognizes the importance of the sustainability of infrastructure is the recent announcement of the extension of Quebec's contribution of $1.15 billion for the period ending in March 2014. These investments are part of the plan quebecois des infrastructures that foresees an investment of $41.8 billion for the 2008 to 2013 period, of which $3.15 billion will be used to maintain and improve municipal infrastructure. Repairing and modernizing public infrastructure is a priority for the government of Quebec," said MNA for D'Arcy-McGee Lawrence Bergman.
The goal of the agreement on the transfer of federal Gas Tax revenues made between Canada and Quebec in 2005 is to provide funding for the renewal of municipal and local infrastructure, and specifically for municipal drinking water, wastewater, local roads and public transit infrastructure, within a context of sustainable development. From 2005 to 2010, Quebec will receive $1.15 billion from the Gas Tax Fund, in addition to the government of Quebec's contribution of $475.7 million.
Moreover, Canada's Economic Action Plan includes the acceleration and expansion of recent historic federal investments in infrastructure, with almost $12 billion in new infrastructure stimulus funding over two years.
Source: Marketwire
