Federal Government Allocates Over $132 Million to Alberta via the Canada Community-Building Fund

The federal government has allocated more than $132 million to Alberta under the Canada Community-Building Fund (CCBF) for the initial payment of the 2024-2025 fiscal year. This funding will assist communities across the province in advancing their local infrastructure projects.

This payment marks the first of two installments for Alberta during this fiscal year, with the second payment anticipated before the fiscal year concludes.

This is also the first transfer under the newly renewed CCBF agreement with Alberta, which spans from 2024 to 2034. Under this agreement, Alberta is set to receive over $1.39 billion over the next five years, including $265 million for the current fiscal year.

The CCBF offers communities reliable and flexible funding for a range of projects, including drinking water, wastewater, public transit, community energy systems, and infrastructure needed for future housing developments.

Quotes

“To build affordable, inclusive, and resilient communities, continued investment in infrastructure is essential. The Canada Community-Building Fund will enable Albertan communities to undertake projects that cater to the needs of all residents,” said The Honourable Randy Boissonnault, Minister of Employment, Workforce Development and Official Languages, on behalf of The Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities.

“We are delighted that Canada Community-Building Fund payments will soon support communities across Alberta. Stable, predictable funding for public infrastructure is crucial for all Alberta communities. Our government will keep collaborating with federal and municipal partners to help achieve local infrastructure goals,” stated The Honourable Ric McIver, Minister of Municipal Affairs.

Quick Facts

• The federal government is renewing the Canada Community-Building Fund (CCBF) with a $26.7 billion investment over the next decade (2024-2034) for core infrastructure projects.
• A total of $132,573,642.50 has been transferred to Alberta for the first payment of the 2024-2025 fiscal year.
• Alberta will receive over $1.39 billion from the CCBF over the next five years, including $265 million for the 2024-2025 fiscal year.
• Funding levels will be reassessed after the first five years based on the 2026 Census.
• Since 2015, the Government of Canada has invested $24.2 billion nationwide through CCBF, with $2.617 billion allocated to Alberta communities.
• The CCBF provides permanent, indexed funding twice a year to provinces and territories, which then distribute it to local governments and other entities for local infrastructure needs.