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Province Releases 2016-17 Capital Plan

Government will invest $480.8 million in roads, schools, health care and public infrastructure through the 2016-17 Capital Plan, which includes funds set aside to participate in the anticipated federal government infrastructure program.

The plan also contains a $164.2 million investment in the Halifax Convention Centre, Finance and Treasury Board Minister Randy Delorey announced today, Jan. 19.

“Whether it’s renovations to schools, paving roads or investments in hospitals, these projects will create jobs and opportunities across the province,” said Mr. Delorey. “Communities and businesses will benefit from these projects, at a cost that aligns with the province’s fiscal plan.”

The 2016-17 Capital Plan includes:
— $222.5 million in highways and structures
— $107.6 million in buildings and land
— $164.2 million in buildings (Halifax Convention Centre)
— $30.0 million in information technology projects
— $17.8 million in vehicles and equipment
— $59.8 million in capital grants

There is also a contingency fund of $43.1 million.

The plan includes the ongoing design and construction of eight new schools, funds for hospitals and other medical facilities construction and renewal, and investments in highway improvements.

The capital cost of the Halifax Convention Centre is $164.2 million. The federal government’s $51.4 million contribution will be paid to the developer upon substantial completion and the balance will be split equally between the province and the Halifax Regional Municipality. The municipality will pay their portion to the province over the 25-year term.

The Department of Transportation and Infrastructure Renewal also released its 5-year Highway Improvement Plan, which is part of the capital plan.

The capital plan is subject to approval in the 2016-17 budget.

The 2016-17 Capital Plan is available online at www.novascotia.ca/finance.

The 5-year Highway Improvement Plan can be found at http://novascotia.ca/tran/highways/hwyconstruction.asp.

Source: Release

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