Business and Economy
Federal Gas Tax Fund Delivers for Thornhill, Markham, and Vaughan
The first installment of the annual $2 billion federal transfer is now available for municipal infrastructure.
Thornhill MP Peter Kent (Facebook)
Thornhill — The Honourable Peter Kent, MP for Thornhill, on behalf of the Honourable Denis Lebel, Minister of Infrastructure, Communities, and Intergovernmental Affairs, announced today that the first installment of the federal Gas Tax Fund (GTF) for 2015 is being made available to support municipal infrastructure in Markham and Vaughan and communities across Ontario.
The Government of Canada’s annual $2-billion GTF for municipal infrastructure provides predictable, long-term funding for Canadian municipalities to help them build and revitalize their local infrastructure while creating jobs and long-term prosperity. Each year, the federal GTF assists municipalities by providing funding for local infrastructure projects. In 2015-2016, more than million dollars each will be made available to Markham and Vaughan with a total of almost 0 million dollars flowing to municipalities across Ontario.
Quick Facts
— Between 2014 and 2024, close to $22 billion in funding will flow to communities across Canada through the GTF. Of this, Ontario municipalities will receive an estimated $8 billion in new federal infrastructure funding.
— Since the program began, the federal GTF has made $15 billion available to support local infrastructure from coast to coast to coast, including $2 billion in 2015-2016 alone.
Quotes
“The Government of Canada is committed to investing in public infrastructure to enhance our economic productivity and create jobs and economic growth across Canada. Through the federal Gas Tax Fund, the federal government is demonstrating its ongoing commitment by providing stable, predictable funding to all municipalities, so that Canadian communities can address their local infrastructure priorities.
The first payment for 2015 will support thousands of infrastructure projects across the country.”
– Hon Peter Kent PC MP, Thornhill
