
Government of Canada Has Invested Over $33.4 Million in Stimulus Throughout the Riding of Macleod
September 10, 2009
Ottawa – Ted Menzies, Member of Parliament for Macleod and Parliamentary Secretary to the Minister of Finance, is pleased to announce that the Government of Canada has invested more than $33.4 million throughout the riding of Macleod through the Building Canada Fund, National Trails Coalition, Recreational Infrastructure Canada (RInC) program and Sport’s Canada Hosting Program. On September 2, new federal funding was announced for residents of Okotoks:
The Government of Canada and the Government of Alberta will provide $11 million each and the Town of Okotoks will provide the remaining $11 million for this $33 million dollar project. Federal funding comes from the Infrastructure Stimulus Fund, part of Canada’s Economic Action Plan. The new federal $4 billion Infrastructure Stimulus Fund provides funding to provincial, territorial and construction-ready infrastructure projects that will be built during this year’s and next year’s construction seasons. The Government of Canada’s Economic Action Plan is accelerating and expanding the existing federal investment of $33 billion in infrastructure with almost $12 billion in new infrastructure stimulus funding over two years. On July 24, Ted was pleased to announce the following funding for the first time:
“Getting shovels in the ground sooner for these projects will be beneficial to each community, and in turn, to Alberta.” continued Menzies. “At a time when the need for economic stimulus is greatest, these projects will enhance services and create local jobs.” Federal and Provincial contributions coupled with municipal and other contributions in local infrastructure improvements in Alberta has provided the first steps to get shovels in the ground and to flow money faster for targeted infrastructure projects in Alberta communities in the 2009 and 2010 construction seasons. Over 450 trail projects will benefit from the Government’s $25 million investment in recreational trails, as part of the Government’s Economic Action Plan. The funds will be used to create, upgrade and sustain recreational trails throughout Canada. The first payment of $12.5 million is part of the Government of Canada’s $25 million commitment that will be matched by the NTC and their provincial, territorial, municipal or private funding partners for eligible projects. For more information on Building Canada, please visit: www.buildingcanada.gc.ca. To learn more about Canada’s Economic Action Plan, visit www.actionplan.gc.ca. |
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