Saskatchewan to receive $350M through federal infrastructure fund

The Government of Saskatchewan has inked a deal with Ottawa that will bring $350 million in infrastructure funding to the province over five years.

The two governments signed a 10-year renewal agreement for the Canada Community Building Fund, which aims to address local infrastructure priorities by providing stable, long-term funding to communities around the country.

“Over the first five years of the agreement, Saskatchewan will receive $350 million, including $66 million in the 2024-2025 fiscal year,” the governments said in a joint statement.

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“The renewal of this agreement also means that critical public infrastructure which supports housing will continue to be built, maintained and expanded.”

Since 2015, more than 1,200 road and highway projects around the province have benefited from the building fund to the tune of more than $260 million. The funding has also supported a new raw water pumping facility in Prince Albert and a new arena complex in Wynyard.

The federal government is investing $26.7 billion into the fund between 2024 and 2034.

Don McMorris, Saskatchewan’s government relations minister, said the announcement is significant for everyone in the province.

“The funding will help our participating communities build and protect critical infrastructure supporting recreational, transit and essential services,” McMorris said, quoted in the joint statement.

“By collaborating with the Government of Canada, we ensure our province can meet the growing needs of its residents and improve their quality of life for generations to come.”

Sean Fraser, Canada’s housing and infrastructure minister, said the infrastructure investments are essential to keep communities affordable and inclusive.

“We are proud to announce this deal that will provide communities across Saskatchewan with the flexibility to invest in their local needs,” Fraser said.