Municipal Affairs
July 29, 2008

Steady Brook Receives Funding for Infrastructure Improvements

The Town of Steady Brook will receive $281,370 for local roadwork and $46,280 for water system improvements, specifically a pressure reducing valve (PRV) upgrade, through the 2008-09 Municipal Capital Works (MCW) program.

"The Municipal Capital Works program fosters the development of cost-shared projects in a wide range of municipal infrastructure, including water and waste-water treatment, roads, recreational facilities and fire equipment," said the Honourable Dave Denine, Minister of Municipal Affairs. "I am pleased that this funding will allow for infrastructure improvements that will benefit the residents of Steady Brook."

Through the 2008-09 MCW program, $61.2 million will be spent on many infrastructure improvement projects province-wide. Under the program, the Provincial Government will contribute $32.4 million; the Federal Government will contribute $12 million and the municipalities will contribute $14.1 million. Towns will also utilize the Federal GST rebate as part of the capital cost.

"I am very pleased with this funding announcement that will allow the Town of Steady Brook to make necessary improvements and upgrades to their municipal infrastructure," said the Honourable Tom Marshall, MHA, Humber East. "Strategic investments under the Municipal Capital Works program are important and help keep municipalities throughout the province strong and viable. I look forward to the completion of these infrastructure improvements, which will provide lasting benefits to the residents of Steady Brook for years to come."

The MCW program has been significantly improved by recently announced revised cost-share ratios for municipalities. These new changes state that towns with populations under 3,000 now have to contribute only 10 per cent toward the cost of capital infrastructure. Towns with populations between 3,000 and 7,000 contribute 20 per cent and the largest cities and towns with populations over 7,000 contribute 30 per cent.

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Media contact:
Jennifer Collingwood
Director of Communications
Department of Municipal Affairs
709-729-1983, 690-2498
jennifercollingwood@gov.nl.ca

2008 07 29                                                        10:00 a.m.


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