Yesterday, Minister of Infrastructure and Communities, Hon. Catherine McKenna announced a new, temporary $3.3 billion COVID-19 Resilience stream under the Investing in Canada Infrastructure Program (ICIP). The money will support local COVID-19-related projects that would otherwise not be eligible under ICIP.
This new stream is the result of negotiations between the federal government, provinces, territories, municipalities, and Indigenous communities. Applications to this program are to be made through provinces and territories who will then submit them to Infrastructure Canada for review and approval.
Maximum Federal Contribution
This new funding stream will support projects to a maximum size of $10 million in total eligible costs. Federal contributions will be capped as follows:
Construction must start no later than September 30, 2021, and must be completed by the end of 2021, or by the end of 2022 in the territories and in remote communities.