By rdnewsNOW Staff

Stable, Flexible Funding

Red Deer to receive major infrastructure funding boost from federal government

Aug 4, 2021 | 1:00 PM

The City of Red Deer is among several communities throughout central Alberta in line to receive an infrastructure funding boost from the federal government.

On Tuesday, the Honourable Catherine McKenna, Minister of Infrastructure and Communities, announced that Alberta has received more than $254 million through the new Canada Community-Building Fund (CCBF) for the 2021–22 fiscal year, along with a top-up of more than $243 million.

Officials say this top-up doubles the amount of money that Alberta communities received through the program in 2020-21, enabling them to carry out infrastructure projects that support the well-being of their residents.

Red Deer will receive $6,047,625 for 2021-2022, plus a top-up of $5,778,568 for a total of over $11.8 million. Click here to see the full list of Alberta communities receiving funding.

The CCBF aims to provide communities with stable and flexible funding for their infrastructure priorities across a wide range of categories.

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Fire halls and fire station infrastructure have been added as an investment category for the program. This addition is expected to contribute to the program’s objective of building stronger and more resilient communities.

“The doubling of the Canada Community-Building Fund will deliver close to $500 million to improve the daily lives of people in Alberta, and across Canada, by allowing municipalities of all sizes to invest in critical infrastructure projects while creating jobs in their communities,” said The Honourable Catherine McKenna, Minister of Infrastructure and Communities, in a press release. “ The flexibility of the categories that include everything from roads to recreation infrastructure allows Albertans to plan for the long-term, therefore ensuring we’re building stronger more resilient communities for all.”

Quick facts

• As of June 29, 2021, the Gas Tax Fund has been renamed the Canada Community-Building Fund. This name change better reflects the program’s evolution over time and will not alter or modify the objectives or requirements of the program.
• The Canada Community-Building Fund is a long-term, indexed source of funding for over 3,600 communities across the country. In recent years it has supported thousands of projects annually.
• The CCBF has 19 project eligibility categories, including capacity building, sport infrastructure and broadband. Communities can use the funds immediately for priority projects, bank them for later use, pool the dollars with other communities for shared infrastructure projects, or use them to finance major infrastructure expenditures.