Canada Makes Big Investments Into The Northern Territory

TDS News
Northern Canada
July 26, 2021

Canada Community-Building Fund (CCBF provides infrastructure funding for major projects within the country

By Dami Igbinyemi

Communities across the country are on the frontline of the Covid-19 pandemic and they need know that their public services and public spaces are safe and reliable. That is why the Government of Canada has been providing huge financial support for communities and in doing so are ensuring that the health and safety of all Canadians remain their first priority.

Today, the Honourable Catherine McKenna, Minister of Infrastructure and Communities, announced that Nunavut, Yukon, and the Northwest Territories will each be receiving $17.25 million through the new Canada Community-Building Fund (CCBF) for the 2021-22 financial year, along with a top-up of $16.5 million. This top-up doubles the amount of money each territory community receives through the program, allowing them to carry out infrastructure developments in support of their residents.

“The federal government understands the importance of helping communities invest in critical infrastructures like clean drinking water, broadband and recreational spaces. That is why we are partnering with the Northwest Territories through the Canada Community-Building Fund to support projects across the territory that create good jobs, tackle climate and build more inclusive communities.” – The Honourable Catherine McKenna, Minister of Infrastructure and Communities

The Community-Building Fund formally known as the Gas Tax Fund was renamed on June 29th, 2021, to reflect the program’s growth over time. The Canada Community-Building Fund is a permanent source of funding for over 3,000 communities across the country. Communities can use the funds immediately for projects that take priority, bank them for later use, pool the money together with other communities for shared infrastructure projects or use them to finance major infrastructure expenses.

The CCBF provides communities with stable and flexible funding for their infrastructure priorities across a wide range of categories including drinking water, local roads and bridges, sports, and recreations. By allowing communities control over their current and future infrastructure needs, the CCBF is a critical tool that will help ensure Canada remains among the best places in the world to live for generations to come.