Saturday, February 4, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Spending & Saving

Canada and FCM invest in asset management in Quebec communities

MtR by MtR
June 11, 2021
in Spending & Saving
0


OTTAWA, ON, June 11, 2021 /CNW/ – As we continue to adapt to the new physical, social, and economic realities presented by COVID-19, all orders of government are working together to ensure the safety and well-being of Canadians. This includes providing local communities with tools and support for evidence-based decision-making that will help them plan a healthier, safer and more prosperous future for everyone.

This is why the Government of Canada is investing $150,000 in three new projects in Quebec communities through the Municipal Asset Management Program (MAMP), delivered by the Federation of Canadian Municipalities on behalf of the federal government. The program helps municipalities strengthen local infrastructure planning and decision-making by increasing local asset management capacity through investments in activities such as asset management training, technology and software enhancements and information sharing.

With funding from MAMP:

  • The City of Drummondville will upgrade data and prepare a transport asset management plan.
  • The Town of Saint-Lazare will establish a solid foundation for an asset management approach and improve the decision-making processes. The city aims to obtain a planning tool to develop a five-year plan as well as a system for prioritizing work.
  • The City of Saint-Jérôme will create a multi-service asset management committee and develop its first asset management plan.

Quotes

“The three projects announced today ensure Quebec municipalities have the tools and technology necessary to make well-informed decisions for the long term. We’re proud to invest in infrastructure asset management projects that will help communities grow their local economy and improve residents’ quality of life.”
Peter Schiefke, Member of Parliament for Vaudreuil—Soulanges, on behalf of the Honourable Catherine McKenna, Minister of Infrastructure and Communities

“Rural communities are the backbone of the Canadian economy and among the best places in Canada to call home. Smart investments in infrastructure help smaller communities to grow, strengthen their economies and improve quality of life for their residents. Through projects like those announced today, our government is helping to ensure that local leaders, especially those in rural areas, have the tools they need to plan for the long-term and creating stronger rural communities now and for generations to come.”
The Honourable Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development

“Through the Municipal Asset Management Program, FCM continues to help municipalities of all sizes, especially small and rural, manage municipal infrastructure and make stronger investment decisions based on reliable data. FCM supports communities from coast to coast to coast by providing funding, training, and resources to develop sustainable solutions that work and improve the quality of life for residents.”
Joanne Vanderheyden, President, Federation of Canadian Municipalities

Quick facts

  • The $110-million Municipal Asset Management Program, delivered by the Federation of Canadian Municipalities and funded by the Government of Canada, has invested in more than 962 municipal asset management projects.
  • MAMP offers funding, training, and resources to help municipalities strengthen their asset management practices thereby enabling them to make informed infrastructure investment decisions.
  • To support Canadians and communities during the COVID-19 pandemic, a new stream has been added to the over $33-billion Investing in Canada Infrastructure Program to help fund pandemic-resilient infrastructure. Existing program streams have also been adapted to include more eligible project categories.
  • The COVID-19 Resilience Stream will help other orders of governments whose finances have been significantly impacted by the pandemic by increasing the federal cost share for public infrastructure projects in a variety of areas including disaster mitigation and adaptation projects and pandemic-resilient infrastructure.
  • Furthermore, the Canada Healthy Communities Initiative will provide up to $31 million in existing federal funding to help communities adapt spaces and services in response to immediate and ongoing coronavirus-related needs over the next two years.
  • Through the Investing in Canada Infrastructure Program, the federal government is investing more than $7.5 billion in Quebec between 2018 and 2028 in community, cultural and recreational infrastructure projects, green infrastructure, public transit, and infrastructure in rural and northern communities.
  • Since 2016, the federal government has invested $28 billion in over 18,000 infrastructure projects in communities with populations under 100,000. More than 6,100 kilometres of highways and roads, and 103 bridges have been built, repaired, or upgraded in rural communities, and more than 3,134 projects are providing rural communities with access to cleaner, more sustainable sources of drinking water.
  • The federal Gas Tax Fund (GTF) is designed to provide municipalities with a stable and predictable source of funding. In 2020-21, Quebec has received $495.7 million through the federal GTF to fund its most pressing infrastructure needs.

Associated links

Municipal Asset Management Program
Infrastructure in your Community
Investing in Canada: Canada’s Long-Term Infrastructure Plan
Investing in Canada plan project map
Speech from the Throne: A stronger and more resilient Canada

Twitter: @INFC_eng
Web: Infrastructure Canada

SOURCE Infrastructure Canada

For further information: Michelle Johnston, Director of Communications, Office of the Minister of Infrastructure and Communities, Cell: 613-298-7386, [email protected]; FCM Media Relations, 613-907-6395, [email protected]; Infrastructure Canada, 613-960-9251, Toll free: 1-877-250-7154, Email: [email protected]

Related Links

www.infrastructure.gc.ca





Source link

Related articles

Investing in bonds? Know the 8 types first before you make a foray

August 10, 2022

Times letters: Conserving energy and saving money – The Times

August 9, 2022

Related Posts

Investing in bonds? Know the 8 types first before you make a foray

by MtR
August 10, 2022
0

Updated: 10 Aug 2022, 08:44 AM ISTTL;DR.Putting money in bonds is an interesting investment option, though not many are not...

Times letters: Conserving energy and saving money – The Times

by MtR
August 9, 2022
0

Times letters: Conserving energy and saving money  The Times Source link

Indian Hotels’ Q1 is strong, but investors may not check in soon

by MtR
August 9, 2022
0

The Indian Hotels Co. Ltd put up a solid show in the June quarter (Q1FY23). Occupancy and average room rates...

Turkey suggests saving Europe from energy crisis

by MtR
August 9, 2022
0

The Turkish authorities have proposed to save the European Union from the energy crisis with the help of an "energy...

Are We Past Peak U.S. Inflation?

by MtR
August 9, 2022
0

Consensus expectations are for headline CPI to come in at mom, yoy, with the Core CPI report expected to print...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Industrial Lubricants Market to Reach $71 Billion by 2027.

August 10, 2022

Recent News

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter