B.C. says federal budget sets stage for major infrastructure projects
VICTORIA — British Columbia’s Liberal government says Tuesday’s federal budget signals a good start towards investing in provincial infrastructure projects.
Community and Sport Minister Peter Fassbender says he’s pleased Justin Trudeau’s government is willing to pay up to 50 per cent for large infrastructure projects such as Surrey’s light rail and the Broadway SkyTrain extension in Vancouver.
He calls the cost-sharing formula a step forward from the one-third split between the federal, provincial and municipal governments.
But Fassbender says the province is not about to move away from its commitment of one-third funding, which means municipalities must contribute 17 per cent to the projects.