Home > Financial, General > The Governments of Canada And Quebec Provide the City of Port-Cartier With a First Payment of $350,264 from the Transfer of a Portion of the Federal Gas Tax Revenues…

The Governments of Canada And Quebec Provide the City of Port-Cartier With a First Payment of $350,264 from the Transfer of a Portion of the Federal Gas Tax Revenues…

March 9th, 2010

… and the Contribution From the Government of Quebec

PORT-CARTIER, QUEBEC–(Marketwire – Mar 9, 2010) – The Honorable Christian Paradis, Minister of Natural Resources and Member of Parliament for Mégantic—L’Érable, along with the Minister for Natural Resources and Wildlife and Minister obliged for the Côte-Nord region, Mr. Serge Simard, on interest of the Minister of Municipal Affairs, Regions and Land Occupancy, Mr. Laurent Lessard, have been gratified to make known that the City of Port-Cartier will embrace $350,264 underneath the federal-provincial agreement on the send of a apportionment of sovereign gasoline taxation revenues and the Government of Quebec’s contribution. This is the initial remuneration to the City of Port-Cartier, that will embrace a sum of $413,935 to commence critical infrastructure work.
The City of Port-Cartier will make use of the supports to control subterraneous H2O researches in the Rivière-Pentecôte sector, to correct cesspool pumping stations and to hope for an movement devise together with specific studies.
“Canada’s mercantile impulse is at the heart of the Government’s focus,” pronounced Minister Paradis. “In Canada’s Economic Action Plan, we voiced appropriation of tighten to $12 billion over dual years to progress infrastructure investments. This appropriation is one more to the income already issuing by the Gas Tax Fund, that is right away a $2 billion annual joining to Canada’s communities. Through the infrastructure commitments, the Government of Canada supports a stronger economy, promotes the origination of jobs and contributes to the wealth of communities opposite Quebec and Canada.”
“The appropriation postulated to Port-Cartier currently demonstrates the enterprise to minister to the contentment of citizens. The City of Port-Cartier will right away be means to rely on fast funding, that will promote the formulation of infrastructure work to be undertaken. These investments have been partial of the Quebec infrastructure plan, le Plan québécois des infrastructures, that foresees an investment of $41.8 billion for the 2008-2013 period, of that $3.6 billion will be used to say and ascent metropolitan infrastructure. Repairing and modernizing infrastructure is a priority for the Government of Quebec,” combined Minister Simard.
The idea of the Agreement on the send of sovereign Gas Tax revenues done in between Canada and Québec in 2005 is to yield appropriation for the renovation of metropolitan and internal infrastructure inside of a context of tolerable development, in sold for water, wastewater, internal roads and open transit. Since 2005, Quebec has perceived $1.151 billion from the Gas Tax Fund, in further to the Government of Quebec grant of $475.7 million. The value of supports will be administered by the Société de financement des infrastructures locales du Québec (SOFIL).
In addition, Canada’s Economic Action Plan includes the increase in speed and enlargement of brand new ancestral sovereign investments in infrastructure, with roughly $12 billion in brand new infrastructure impulse appropriation over dual years.
Aussi disponible en français : www.infrastructure.gc.ca/

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