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CLARIFICATION: Canada-Ontario Building Canada Framework Agreement

OTTAWA, ONTARIO - (Marketwire - July 24, 2008) - On July 24, 2008, the governments of Canada and Ontario signed the Canada-Ontario Framework Agreement worth $6.2 billion in new federal infrastructure funding under the Building Canada plan.

Accounting for previous programs not yet depleted, total guaranteed federal infrastructure spending in Ontario will be close to $7.8 billion by 2014.


Allocation Table (2007-2014)

------------------------------------------------------------------------
Framework Agreement Funding                                    $ Million
------------------------------------------------------------------------
Building Canada Fund (New Funding)                            $3,096.940
------------------------------------------------------------------------
Provincial/Territorial Base Fund (New Funding)                   $175.00
------------------------------------------------------------------------
Gas Tax Funding (New Funding from 2010-2014)                  $2,987.060
------------------------------------------------------------------------
    Total Framework Agreement Funding                         $6,259.000
------------------------------------------------------------------------
                 Previous programs not yet depleted
------------------------------------------------------------------------
Gas Tax Funding (existing to 2009)                             $1,417.78
------------------------------------------------------------------------
Municipal Rural Infrastructure Fund Top-Up
(new funding announced in 2007)                                   $64.05
------------------------------------------------------------------------
Ontario Potable Water Program (new funding announced in 2007)        $50
------------------------------------------------------------------------
                                 Total Guaranteed Federal
                                 Funding to Ontario under the
                                 Building Canada Plan          $7,790.83
------------------------------------------------------------------------

In addition, the Province will have the opportunity to benefit from two national funds: the P3 Fund ($1.25B); and the Gateways and Border Crossings Fund ($2.1B), under which the federal government has already announced priorities in Ontario such as the Windsor access road and the Queenston-Lewiston bridge.

Finally, every Ontario municipality will receive the full GST rebate, which is also in addition to the above-noted funding.

Infrastructure Canada

Tags: ,Government,Security (law enforcement, homel and etc),POLITICS

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CLARIFICATION: Canada-Ontario Building Canada Framework Agreement