St. John’s—The federal government has transferred more than $16 million to Newfoundland and Labrador 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 Newfoundland and Labrador 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 Newfoundland and Labrador will receive more than $168.7 million over the next five years, including more than $32.1 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.
“Investments in infrastructure are essential in building more affordable, inclusive, and stronger communities for all Canadians. With this payment through the Canada Community-Building Fund, communities in Newfoundland and Labrador will be able to invest in infrastructure projects that meet the needs of their residents today, and ones that support more housing supply for the future.” – Sean Fraser, Minister of Housing, Infrastructure and Communities