Advertisement

Ottawa announces $2B natural disaster fund at Calgary Stampede grounds

Calgary 2013 flood Stampede grounds
Calgarians look out over a flooded Calgary Stampede grounds and Saddledome in Calgary, Alta., Friday, June 21, 2013. THE CANADIAN PRESS/Jeff McIntosh

The federal government has set up a $2-billion fund to help communities protect themselves from natural disasters.

Federal Infrastructure Minister Amarjeet Sohi made the announcement on the Calgary Stampede grounds, which were submerged during heavy flooding in southern Alberta five years ago.

READ MORE: 2013: The Calgary Stampede that almost wasn’t

Sohi said the 10-year program will cover projects that help communities withstand natural hazards including floods, wildfires, seismic events and droughts.

Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.

Get weekly money news

Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.

READ MORE: 20 compelling images of Calgary during the 2013 flood

He said the money is for large-scale infrastructure projects with a minimum price tag of $20 million such as diversion channels, wetland restorations, wildfire barriers and levees.

Sohi said applications for funding will have until July 31 to submit an expression of interest.

Story continues below advertisement

READ MORE: How prepared is Calgary for major flooding? 

Provinces, municipal and regional governments can all apply, as can public not-for-profit post-secondary institutions, First Nations governments and band councils.

Sponsored content

AdChoices