The governments of Canada and Quebec announce the signing of the Administrative Agreement relating to the Canada Community Futures Fund (CCBF) for the period 2024-2034. As part of this agreement, Quebec will receive more than 2.8 billion dollars in CCDF funding over the next five years, including 535 million dollars for the 2024-25 fiscal year, which will help municipalities meet local infrastructure priorities.
Announced by the Minister of Housing, Infrastructure and Communities, the Honorable Sean Fraser, the Minister of Transport and Lieutenant of Quebec, the Honorable Pablo Rodriguez, and the Minister of Finance of Quebec, Eric Girard, this investment will help Quebec communities to plan, build and revitalize their public infrastructure. The FDCC will contribute to the realization of infrastructure projects that will strengthen the well-being of residents.
The Canada Community Futures Fund supports infrastructure projects. It provides communities with predictable and flexible funding for 19 project categories, including much-needed drinking water infrastructure, wastewater infrastructure, public transit and community energy systems. to reduce housing needs presented in the Regional Housing Portraits of Quebec.
“With the renewal of the Canada Community Futures Fund, we are providing Quebec communities with the flexibility to engage in crucial infrastructure projects. In a context of housing crisis, projects supported by the FDCC will continue to play an important role in accessibility and expansion of the housing supply in Quebec. We maintain our commitment to working closely with the Government of Quebec to overcome the housing challenges we face. »
The Honorable Sean Fraser, Minister of Housing, Infrastructure and Communities
“Investing in our infrastructure means investing concretely in the well-being of our people. With the renewal of this agreement, our cities will have the funds and flexibility necessary to continue their development and ensure that Quebecers can count on infrastructure that meets their needs. We continue to deliver for Quebecers through investments that make a real difference in their everyday lives. »
The Honorable Pablo Rodriguez, Minister of Transport and Lieutenant of Quebec
“I welcome this unconditional commitment from the federal government which will benefit municipalities in all regions of Quebec for the next 10 years. We are joining forces to offer citizens quality infrastructure that meets their needs. »
Eric Girard, Minister of Finance
“The conclusion of this agreement is excellent news for our municipalities and for all citizens of Quebec. I am particularly happy with the flexibility obtained, but also with the broadening of the categories of eligible investments which will make it possible to develop new projects in sectors where the needs are significant. This investment will help develop and maintain quality infrastructure for today’s citizens and future generations! »
Andrée Laforest, Minister of Municipal Affairs
- Across Canada, the federal government is renewing the Canada Community Futures Fund (CCBF) and will invest 26.7 billion dollars over the next ten years (2024-2034) to support basic infrastructure projects.
- Since 2015, the Government of Canada has invested 24.2 billion dollars across Canada under the CCDF, including 5.5 billion dollars in Quebec communities.
- In Quebec, it is the Local Infrastructure Financing Corporation (SOFIL) which administers the programs allowing you to benefit from financing linked to the FDCC via various programs.
- The CCDF provides a permanent, indexed source of funding that is disbursed directly twice a year to provinces and territories who, in turn, transfer these funds to local governments and other entities to support local health priorities. infrastructure.
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