Fredericton— The federal government has transferred more than $24 million to New Brunswick 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 New Brunswick 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 New Brunswick will receive more than $254 million over the next five years, including $48 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.
“Whether it’s a new fire hall, upgrades to a water treatment plant or new amenities at a local park, investments powered by the Canada-Community Building Fund are making a positive difference in the lives of citizens across New Brunswick. It’s yet another example of the collaborative approach our government will always bring to the table.” – Dominic LeBlanc, Minister of Public Safety, Democratic Institutions and Intergovernmental Affairs on behalf of Sean Fraser, Minister of Housing, Infrastructure and Communities