March 5, 2010

Budget 2010

Stimulus spending tap shuts off March 2011

12,000 of 16,000 projects underway or completed

OTTAWA

The federal government is standing firm on seeing through the second year of Canada’s Economic Action Plan, which includes $19 billion this year, to be complemented by $6 billion from provinces, municipalities and other partners.

Federal stimulus funding will not continue beyond March 31, 2011.

Here is an update on the stimulus program included in Budget 2010:

• $7.7 billion in infrastructure stimulus has been allocated this year
• The $4 billion Infrastructure Stimulus Fund has all been committed
• 92 per cent of federal stimulus funding has been committed for 2010-2011
• 12,000 of the 16,000 stimulus projects have begun or have been completed
• 135,000 net jobs have been created under the stimulus plan
• $1.8 billion of the $2 billion Knowledge Infrastructure Program (KIP) for universities and colleges has been used
• 20 of 361 projects under KIP have been completed
• 1,500 projects are underway under the $500 million Recreational Infrastructure Canada program

Vince Versace

WILLIAM CONWAY/PROGRESS PHOTOGRAPHY

Ottawa has created a Vehicle and Equipment Financing Partnership as part of its Business Credit Availability Program. The partnership will receive a $500 million in funding to expand financing options

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