Ottawa To Now Pay a Third of CBRM Capital Plan
Mayor Cecil Clarke has reworked the numbers in the Cape Breton Regional Municipality’s capital plan.
The five-year infrastructure blueprint originally called for Ottawa to cover half of the 300 million dollar cost.
But Clarke now says the federal government will be asked to pay the traditional one-third.
He adds because the plan focuses on core infrastructure, the federal infrastructure programs are very strict and there was no ability to make adjustments.
The revised plan sees the CBRM, the province and Ottawa each kicking in 10.7 million dollars for core infrastructure in this fiscal year.
Clarke says Regional Council has already approved the borrowing of its share of the money.
The $60-million wastewater strategy and the collector sewer project in Sydney River and Westmount would also be funded using the one-third cost-sharing formula.
Clarke says that would leave each level of government responsible to pay $4 million annually over a five-year period.
The mayor adds he’s waiting to see if Tuesday’s federal budget will provide details on Ottawa’s new Building Canada Fund which is expected to be worth $47 billion over 10 years.