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Municipal Affairs
April 30, 2008

2008-2011 Multi-Year Capital Works Funding Program Announced

Government has committed to continue its Multi-Year Capital Works Program which will provide a provincial funding investment of $112 million to 15 of the province�s largest cities and towns. The program replaces the previous multi-year program which expired on March 31, 2008.

"The Multi-Year Capital Works Program allows larger municipalities to avail of three-year blocks of funding which supports improved planning and scheduling of work of larger-scale projects," said the Honourable Dave Denine, Minister of Municipal Affairs. "Funding will also allow municipalities to set priorities with the security of knowing the funding is in place."

Municipalities participating in this program are Bay Roberts, Corner Brook, Conception Bay South, Gander, Grand Falls-Windsor, Happy Valley-Goose Bay, Holyrood, Labrador City, Marystown, Mount Pearl, Paradise, Portugal Cove-St. Philips, Springdale, St. John�s and Wabush.

The multi-year program was first introduced in 1999 to fund larger-scale infrastructure initiatives in larger communities which have the capacity to make multi-year commitments. Typically, the majority of funding for municipal capital works programs has supported road, and water and sewer infrastructure. Combined with municipal funding, these 15 cities and towns will invest a total of approximately $156 million in municipal infrastructure over the next three years.

The province has increased its capital budget commitment for municipal infrastructure by $34.4 million annually, for a total provincial commitment of $84.3 million per year. This will result in a provincial investment in municipal infrastructure of $252.9 million for 2008-2011, an annual increase of 69 per cent.

"Last week, we announced improvements to cost-share ratios which will effectively provide more provincial funding to support municipal infrastructure projects," added Minister Denine. "This effort essentially provides better funding arrangements and improved financial support to allow municipalities to strengthen services and improve infrastructure throughout Newfoundland and Labrador."

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Media contact:
Heather MacLean
Director of Communications
Department of Municipal Affairs
709-729-1983, 690-2498
heathermaclean@gov.nl.ca

2008 04 30                                                    10:40 a.m.


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