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Premier Ball Announces New Cost Share Ratios for Municipal Infrastructure Projects – Oct 5, 2018

The Provincial Government is adjusting the cost share ratios for new municipal infrastructure projects to make it easier for communities to construct roads and build community centres via the Investing in Canada Plan.

Yesterday at the opening ceremonies for the Municipalities Newfoundland and Labrador Trade Show and Convention, the Honourable Dwight Ball, Premier of Newfoundland and Labrador, announced the new cost share ratios which will lower the municipal share for municipal roads and community centres to 33 per cent of the total eligible cost under the Investing in Canada Plan. Previously, the municipal share for roads was 50 per cent and the municipal share for community centres was 40 per cent.

As an example of how this change helps communities, under previous ratios, a $600,000 roads project would have required a $300,000 commitment from a community. Under the new ratios for the Investing in Canada Plan, the community only has to contribute $200,000.

A call for applications for municipal infrastructure projects will be issued on October 15, and the new cost share ratios will be applied to proposals for funding. More information about the cost share ratios is provided in the backgrounder below.

BACKGROUNDER

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