Infrastructure Funding Announced
By 250 News
The Canada-BC Municipal, Rural Infrastructure Fund is now officially in place, but it remains to be seen if Prince |George can get a share of the dollars for two major propjects.
Although the Federal and Provincial governments have each put $51 million into the pot, local governments are expected to match funding bringing the total amount to $153 million. Of that total, 80% of the pot (about $120 million) will be dedicated for projects in communities with populations under 250 thousand, and at least 60% of that amount will be directed to "green" projects that deal with things like drinking water supplies, storm water and sewage treatment, and public transit.
The remaining 40% (or about $48 million) will be used to support local roads, culture, tourism and recreation projects in those communities under 250 thousand.
If the replacement of the Cameron Street bridge is considered ( full replacement option) then the Federal-Provincial share would be $14 million while the expansion of the runway at Prince George Airport would call for another $20 million. Those who have applied for funding in the past suggest it would be unusual for Prince George to be granted $34 million, or more than two thirds of the amount available for all "smaller" communities.
Communities and not for profit organizations can make their applications for funding now through to the end of January.
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