In the budget, the federal government warned that \u0027as a measure of fiscal prudence, any uncommitted funds after (March 31, 2023) will be reallocated to other…
Last week’s budget included a new provision for infrastructure dollars that were first announced in 2018. The government wants provinces to finalize plans on how they will spend the money by March 31, 2023.
“Federal funding cannot be unlocked unless provincial and territorial governments identify priority projects and agree to share the costs with the federal government,” he said. “While several provinces and territories have successfully allocated the vast majority of their funding envelopes, a number of them have yet to allocate over 50 per cent of the federal funding earmarked for their jurisdiction.
In dollar figures, Quebec has the most money still to commit with $3.3 billion not yet allocated, British Columbia has $1.3 billion and Ontario has just over $1 billion. The original infrastructure deal had the federal money broken into different streams, with some of it designated for public transit, some for culture and recreation projects, some for green projects and some for rural projects.
Most of the infrastructure dollars flow through to municipal projects. Federation of Canadian Municipalities president Joanne Vanderheyden said communities have the projects.