Prince Edward Island — The federal government has transferred $9 million to Prince Edward Island under the Canada Community-Building Fund (CCBF) for the first payment of the 2024-2025 fiscal year. This will help communities across the province invest in their local infrastructure priorities.
This is the first of two payments to Prince Edward Island for this fiscal year. The next payment is expected to be made prior to the end of the fiscal year. This is the first transfer through the recently renewed CCBF agreement with the province. This agreement runs from 2024-2034, and under it Prince Edward Island will receive more than $94.5 million over the next five years, including $18 million this fiscal year.
CCBF provides communities with predictable and flexible funding across 19 different project categories, including drinking water, wastewater, public transit, and community energy systems, and helps them develop the required infrastructure for future housing developments.
“From roads and bridges to public transit, infrastructure is vitally important to our daily lives. This federal transfer of $9 million to the provincial government under the Canada Community-Building Fund will help make sure we’re meeting the local needs and priorities of our Island communities.” – Lawrence MacAulay, Minister of Agriculture and Agri-Food and Member of Parliament for Cardigan on behalf of Sean Fraser, Minister of Housing, Infrastructure and Communities