We will make the New Building Canada Fund more focused and more transparent.
The New Building Canada Fund is an important source of infrastructure funding for Canadian communities, but it has been hit by dramatic cuts and is heavily back-loaded, with more than 70% of its funding locked away until after 2019.
We will make the New Building Canada Fund more focused. By providing significant, separate investments in public transit, social infrastructure and green infrastructure, we will enable the New Building Canada Fund to make greater investments in Canada’s roads, bridges, transportation corridors, ports and border gateways, helping Canada’s manufacturers get their goods to market.
We will also make the fund more transparent, by providing clearer project criteria, alongside faster approval processes.