Province Reaches Goal of Fully Committing Federal Dollars, Creating Jobs
Premier Darrell Dexter announced today, Feb. 26, that together with federal and municipal investments, almost $230 million has been committed to infrastructure projects that will create secure jobs across Nova Scotia.
"We promised Nova Scotians that we would maximize every dollar of federal stimulus funding this province received, and I am happy to say that we have done just that," said Premier Dexter. "The projects funded have helped attract and retain the skilled workers Nova Scotia needs, while keeping our industries active.
"More than 100 projects are being delivered in communities across the province, and we will continue to make the most of every federal dollar to strengthen Nova Scotia's economy."
In 2009, the federal government allocated $104 million to Nova Scotia to complete infrastructure projects before March 2011. The province and municipalities contributed about $126 million under the program. Some projects were completed last year, while others will start during the coming construction season.
"Infrastructure investments by all levels of government have helped reduce the negative effects of the global economic downturn and supported the road building industry, which is an important economic driver for the province," said Grant Feltmate, executive director of the Nova Scotia Road Builders Association. "For example, a typical $2 million paving contract generates 60 direct jobs, $200,000 worth of business for the trucking industry and significant spin-off expenditures for local businesses."
A variety of much-needed infrastructure improvements are now being carried out, including highway paving and construction, water system upgrades, and bridge improvements.
"Partnering with the federal and municipal governments to improve our province's infrastructure is an important part of stimulating Nova Scotia's economy," said Premier Dexter. "I look forward to continuing this level of co-operation on future projects to make life better for all Nova Scotians."