The New Building Canada Plan
On Friday, March 28, 2014, the Government of Canada launched the New Building Canada Fund (NBCF) — a $14 billion, 10 year plan to invest in provincial, territorial and municipal infrastructure.
The NBCF has three components that total $14 billion over 10 years:
- National Infrastructure Component — $4 billion/10 years
- The Provincial/Territorial Infrastructure Component — $9 billion/10 years
- The Small Communities Fund — $1 billion/10 years
How to access these investments
1) The National Infrastructure Component (NIC)
The NIC aims to identify and support projects of a demonstrable national economic interest. This component of the NBCF is open for applications. All applicants provincial, territorial and municipal) are encouraged to submit a detailed business case directly to Infrastructure Canada.
2) The Provincial-Territorial Infrastructure Component (PTIC)
The PTIC will be dedicated to provincial, territorial and municipal infrastructure with a significant national or regional economic impact. All PTIC applications will undergo a two-step process. First, the initial review phase will require local government applicants to prepare a brief project description. This phase will act as an initial screen to ensure the projects meet the eligibility criteria and desired objectives of the NBCF.
The second phase will include the preparation of a more detailed business case similar to those required under the NIC. The focus of this phase will be to highlight the regional benefits of these projects.
Infrastructure Canada has forwarded a guide for both the initial review and business case guides to the provincial and territorial departments that oversee municipal infrastructure. FCM anticipates that each province/territory will begin accepting applications in the form of initial review documents soon.
For more information, we encourage you to contact your provincial/territorial government as soon as is possible. This point of contact will be important once your province/territory begins to accept applications.
3) The Small Communities Fund (SCF)
FCM anticipates that the SCF will be administered using a similar process to the PTIC. However, Infrastructure Canada will be negotiating funding agreements with each province/territory. This may take some time In the meantime, Infrastructure Canada has recommended that projects that fall in line with the eligibility criteria of the PTIC be submitted to your province/territory. Beginning these conversations early will allow for a simpler transition when these funding agreements with the federal government are completed.