The federal and provincial governments have signed a new ten-year agreement for the Canada Community-Building Fund (CCBF) to provide predictable, long-term, and stable funding to communities across the province. Over the first five years, Saskatchewan will receive $350 million to address local infrastructure priorities.
Since 2015, the CCBF has funded more than 1,200 road and highway infrastructure projects across Saskatchewan, totalling more than $260 million. Other projects include a new raw water pumping facility in the City of Prince Albert and a new arena complex in the Town of Wynard.
The renewal of this agreement also means that critical public infrastructure which supports housing will continue to be built, maintained, and expanded. It will also support the growth of communities by taking a holistic approach and tying infrastructures investments - such as public transit, recreation centres, water and wastewater systems -- to housing needs where appropriate.
The federal government is investing $26.7 billion over the next ten years to renew CCBF deals and fund infrastructure projects - especially ones that will aid the construction of new homes across the country.
