VANCOUVER, B.C. — The governments of Canada and B.C. have entered into a new infrastructure agreement that will provide $102 million in combined funding, over the coming year, to projects in communities across B.C.
Under the Canada-British Columbia Municipal Rural Infrastructure Fund agreement, the federal and provincial governments will each commit $51 million. Participating local governments are expected to match this amount, for a total benefit to B.C. of more than $150 million. The federal and provincial governments and the Union of B.C. Municipalities will jointly implement the agreement.
Details on how B.C. communities can apply for funding are expected to be made available later this summer. It is anticipated all of the funding from this agreement will be committed within the next year.
In addition, the Province of B.C. and Government of Canada look forward to negotiations in the coming months on a new, longer-term agreement to allow British Columbia communities to access the new $2.2 billion in national funding identified in the 2006 federal budget for the Municipal Rural Infrastructure Fund.
The Canada-British Columbia Municipal Rural Infrastructure Fund agreement is available online at http://www.infrastructure.gc.ca/mrif.
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