The first eligible project in Nova Scotia under the New Building Canada Fund was recently announced.
The project will involve the construction of a new interchange and connector on Highway 103 between Upper Tantallon (Exit 5) and Hubbards (Exit 6) in Ingramport, which will include the construction of the following five structures: a bridge over Highway 103; four ramps forming a “diamond” interchange; a 1.6-km connector road from Highway 103 to Trunk 3; a roundabout at Trunk 3; and a bridge over Kieley Brook.
The New Building Canada Fund is one component of the New Building Canada Plan. This unprecedented commitment will provide $53 billion over the next decade to support provincial, territorial and municipal infrastructure.Over the next 10 years, Nova Scotia will benefit from about $1 billion in dedicated federal funding, including more than $426 million under the New Building Canada Fund.
The Government of Canada is conditionally setting aside up to 50 per cent of eligible costs, to a maximum of $6.85 million for this project under the New Building Canada Fund’s Provincial-Territorial Infrastructure Component-National and Regional Projects (PTIC-NRP). The funding is conditional on the project meeting applicable federal eligibility requirements with respect to the New Building Canada Fund and the signing of a contribution agreement.
The Government of Nova Scotia will be responsible for all remaining costs of the project, which has an estimated total cost of $16.2 million.