The Federal Government has transferred more than $33 million to Saskatchewan 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.
“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 Saskatchewan 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,” Minister of Housing, Infrastructure and Communities Sean Fraser said.
This is the first of two payments to Saskatchewan for this fiscal year. The next payment is expected to be made prior to the end of the fiscal year.
“The completion of the initial transfer of the Canada Community-Building Fund is significant for all of us who call Saskatchewan home. We look forward to working with municipalities that choose to participate and sign into a Municipal Funding Agreement,” Minister of Government Relations Don McMorris said. “The funding will help these participating municipalities build and protect critical infrastructure supporting recreational, transit, and essential services and ensure our province can meet the growing needs of its residents and improve their quality of life for generations to come.”
This is the first transfer through the recently renewed CCBF agreement with the province. This agreement runs from 2024-2034, and under it Saskatchewan will receive more than $350 million over the next five years, including $66 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.
The federal government is renewing the Canada Community-Building Fund (CCBF) and is investing $26.7 billion over the next ten years (2024-2034) to support core infrastructure projects.
