December 18, 2007
Canada and Newfoundland and Labrador sign $430 million infrastructure agreement
St. John’s, Newfoundland – The governments of Canada and Newfoundland and Labrador have signed a Framework Agreement worth more than $430 million in federal contributions under Building Canada, the long-term federal infrastructure plan.
One of the first funding priorities under Building Canada will be improvements to the Trans Labrador Highway and upgrading of the Argentia Access Road. The federal government will provide up to 50 per cent, or $51.5 million, of total eligible costs of these initiatives.
“The signing of a Building Canada Framework Agreement between the Governments of Canada and Newfoundland and Labrador will address infrastructure needs and priorities that will improve the province’s communities, economy and environment,” said Loyola Hearn, Minister of Fisheries and Oceans, on behalf of Lawrence Cannon, Minister of Transportation, Infrastructure and Communities. “The federal investment in these first two initiatives is an example of how Building Canada is helping to ensure that Newfoundlanders and Labradorians have modern, safe and efficient infrastructure.”