Policy status:In Force
Jurisdiction:Municipal, National, State/Regional
Date Effective:2014
Policy Type:Economic Instruments>Direct investment>Infrastructure investments, Economic Instruments>Direct investment>Funds to sub-national governments
Policy Target:Resilience / Adaptation
Agency:The Ministry of Infrastructure, Communities, and Intergovernmental Affairs

The New Building Canada Fund was officially launched on March 28, 2014. This fund provides financial support to eligible public infrastructure projects, including those that mitigate the potential damage resulting from natural hazards, including impacts or events related to climate change.

There are two major components under the New Building Canada Fund:

  • The $4-billion National Infrastructure Component (NIC) which provides funding for projects of national significance, with a focus on projects that have broad public benefits, and that contribute to long-term economic growth and prosperity.
  • The $10-billion Provincial-Territorial Infrastructure Component (PTIC) which supports infrastructure projects of national, regional and local significance that contribute to economic growth, a clean environment, and stronger communities. The PTIC is divided into two sub-components:
    • $9 billion for National and Regional projects (PTIC–NRP); and
    • $1 billion for projects located in communities of fewer than 100,000 residents through the Small Communities Fund (PTIC–SCF).
Related policies:Building Canada Plan
This record supersedes:Building Canada Fund , The New Building Canada Plan

Last modified: Wed, 26 Aug 2015 16:45:39 CEST