IQALUIT, NT, Aug. 8, 2024
/CNW/ - The Governments of Canada
and Nunavut have signed a new ten-year agreement for the
Canada Community-Building Fund (CCBF) to provide predictable,
long-term, and stable funding to communities across the territory.
Over the first five years, Nunavut will receive $94.5 million to address local infrastructure
priorities.
The renewal of this agreement means that the critical
infrastructure that supports housing will continue to be built,
maintained, and expanded.
The CCBF has supported major infrastructure projects in
Nunavut, including expanding the
reservoir in Igloolik to store
more water and meet growing demands, constructing a bridge in
Coral Harbour, installing
artificial turf at Naujaat's arena for use by youth and children,
and renovating a community space in Resolute Bay to expand
recreational programming for residents.
The Government of Nunavut is
also engaging local communities and the Nunavut Association of
Municipalities (NAM), a territorial non-governmental organization,
to gather feedback on the distribution of CCBF funds.
Quotes
"This agreement will provide communities across Nunavut with the flexibility to invest in
strategic infrastructure projects that help address local
priorities. This funding will be essential to building affordable
and inclusive communities for residents to live, work, and raise
families."
The Honourable Dan Vandal, Minister of Northern Affairs,
PrairiesCan and CanNor, on behalf of the Honourable Sean Fraser,
Minister of Housing, Infrastructure and Communities
"This agreement presents stable and flexible funding to support
the well-being of Nunavummiut through the development of community
led critical infrastructure projects. This support underscores the
importance of collaboration, transparency and informed
decision-making in capital investments."
The Honourable David Joanasie, Minister of Community and
Government Services, Government of Nunavut
Quick facts
- In 2024-2025, Nunavut will
receive $18 million in funding
through the renewed Canada Community-Building Fund (CCBF)
agreement.
- Across Canada, the federal
government is renewing CCBF agreements and investing $26.7 billion over the next ten years (2024-2034)
to support core infrastructure projects.
- The CCBF is a permanent, indexed source of funding provided up
front, twice a year, to provinces and territories, who in turn flow
this funding to local governments and other entities to support
local infrastructure priorities.
- Between 2014-2024, the CCBF invested more than $26.2 billion through 19 different project
categories in over 3,600 communities across the country, such as
public transit, water infrastructure, solid waste management,
highways, roads, and bridges.
- The renewed CCBF ties access to funding to actions by
provinces, territories, and municipalities to increase Canada's housing supply.
Associated links
Housing, Infrastructure and Communities Canada - The Canada
Community-Building Fund
Canada Community-Building Fund in Nunavut
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SOURCE Department of Housing, Infrastructure and Communities