New Brunswick and the federal government signed an infrastructure agreement on Thursday that will see more than $673 million flow into the province over the next decade.
The cash flow comes as part of the federal government’s Investing in Canada plan, which will see more than $33 billion in bilateral agreements between Ottawa and the provinces and territories.
Premier Brian Gallant and federal infrastructure and communities minister Amarjeet Sohi were on hand to sign the agreement.
“We are pleased to reach a new agreement with New Brunswick to invest in infrastructure projects that will benefit all communities for years to come,” Sohi said.
The agreement is intended to allow both levels of government to make long-term infrastructure investments, building inclusive communities and support a green economy, according to a press release from the province.
“Infrastructure investments help stimulate the economy and improve the quality of life of New Brunswickers,” Gallant said.
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Projects funded through the fund will be cost-shared by federal, provincial and municipal governments.
Other examples of investments that are intended for the funding include:
- improving the movement of people and goods
- reduce greenhouse gas emission
- improve transportation and digital infrastructure for people living in remote communities
- improve energy security and reduce reliance on diesel fuel in the North.