http://www.infrastructure.gc.ca/regions/on/on-nbcp-npcc-eng.html

Largest Federal Investment in Infrastructure in Canadian History

The Government of Canada understands the positive impact that quality infrastructure has on economic growth, job creation and long term prosperity. That is why federal investment in infrastructure has increased dramatically since 2006, and is at an all-time high.

The New Building Canada Plan will see the Government of Canada invest over $53B in infrastructure across the country over the next 10 years (2014-2024).

For Ontario, this represents approximately $11B in dedicated federal funding, including more than $2.7B under the New Building Canada Fund and an estimated $8.12B under the federal Gas Tax Fund*.

Ontario also stands to benefit from:

• $4B available for projects of national significance
• $1.25B in additional funding available for P3 projects
• $10.4B via the GST Rebate which provides municipalities across the country with additional resources to address their infrastructure priorities

Investments that are making a difference

Since 2006, investments of over $4.91B under the Building Canada Fund, the Provincial-Territorial Base Fund, the Green Infrastructure Fund and the Infrastructure Stimulus Fund have assisted the Government of Ontario and its municipalities to make infrastructure improvements for the benefit of all Ontarians. Municipalities have also benefited from approximately $4.63B provided to Ontario through the federal Gas Tax Fund. Combined with investments under other federal infrastructure programs, Ontario has benefited from over $12.3B toward infrastructure improvements across the province.

According to Statistics Canada, the average age of Ontario's infrastructure has declined by 1.9 years since 2006 to 13.4 years in 2012.

[*] NOTE: GTF funding by jurisdiction for the first five years (2014-2019) is based on 2011 Census data. GTF funding for 2019-2024 will be based on 2016 Census data. For illustrative purposes, Census 2011 data has been used for all 10 years. Due to the indexation of the GTF, funding for 2019-2024 is expected to be at least equal to GTF funding for the first five years.

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The New Building Canada Fund:
Focusing on economic growth, job creation and productivity

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What is it?

The New Building Canada Fund (NBCF) is one component within the overall $53 billion New Building Canada Plan (NBCP). It is a $14-billion Fund that will support projects of national, regional and local significance that promote economic growth, job creation and productivity.

Why is it important?

The economy continues to be a priority for our Government. Through the NBCF, our Government is encouraging investments in infrastructure projects that contribute to economic growth, job creation and productivity. The federal government works with provinces, territories, municipalities and the private sector to provide funds to economically-focused projects. In addition, by introducing a P3 Screen for projects of over $100 million in eligible costs, our Government is ensuring that large infrastructure projects are delivered in the most cost-effective way.

How does it work?

There are two major components under the New Building Canada Fund:

• The $4-billion National Infrastructure Component (NIC) which provides funding for projects of national significance, with a focus on projects that have broad public benefits, and that contribute to long-term economic growth and prosperity.
• The $10-billion Provincial-Territorial Infrastructure Component (PTIC) which supports infrastructure projects of national, regional and local significance that contribute to economic growth, a clean environment, and stronger communities. The PTIC is divided into two sub-components:
  • $9 billion for National and Regional projects (PTIC–NRP); and
  • $1 billion for projects located in communities of fewer than 100,000 residents through the Small Communities Fund (PTIC–SCF).

Under the PTIC, each province and territory will receive a base amount of $250 million plus a per capita allocation over the 10 years of the program. The per capita amount is based on the Statistics Canada Final 2011 Census figures.

Unlike Building Canada Fund 2007, we will not require Framework Agreements with provinces and territories, which should avoid lengthy negotiations and delays in the implementation of the New Building Canada Fund.

http://www.infrastructure.gc.ca/plan/nbcf-nfcc-eng.html