Today, the province of Ontario announced new infrastructure funding, starting with the Rural and Northern stream.
This first stream is open to cities and Indigenous communities with populations under 100,000, which would include Owen Sound and all Grey and Bruce municipalities. Those communities, about 500 of them, will have eight weeks beginning March 18 to nominate road, bridge, air or marine projects.
In making the announcement, Minister of Infrastructure Monte McNaughton, said "This first stream of funding is an invitation to all those communities to get started on the crucial process of project nomination."
The funding falls under the Investing in Canada Infrastructure Program, which will unlock up to $30 billion in combined federal, provincial, and local investments in communities across the province over the next 10 years. Ontario’s share per project will be up to 33 per cent, or $10.2 billion spread across four streams: 1. Rural and Northern 2. Public Transit 3. Green 4. Community, Culture and Recreation.
"Our economy, communities, and families all depend on infrastructure,” said McNaughton. "And when we invest in smart infrastructure, we create jobs and grow the economy.”
