The Governments of Canada and the Northwest Territories have signed a renewed ten-year agreement for the Canada Community-Building Fund (CCBF). Under this agreement, the Northwest Territories will receive $94.5 million in funding through the CCBF over the first five years to provide predictable, long-term and stable funding to communities across the territory.
The renewal of this agreement means that critical infrastructure, including infrastructure that supports housing, will continue to be built, maintained, and expanded.
The CCBF has supported major infrastructure projects in the Northwest Territories including the building of a community hall and fitness centre in the Hamlet of Fort McPherson, the rehabilitation of roads and sidewalks in the Village of Fort Simpson, and water and sewer upgrades in the Town of Hay River. Also, since 2015, CCBF has supported more than 40 road and highways projects across the territory, totalling more than $13.1 million.
Over the next ten years, communities across Canada will receive $26.7 billion in funding through the renewal of the CCBF agreements to support new infrastructure and priorities for housing development and affordability.
