Vegreville - Residents of Vegreville will benefit from joint federal and provincial funding to complete the 49th Street Capital Works Project, announced today by the Honourable Premier Ed Stelmach, MLA for Fort Saskatchewan-Vegreville and Leon Benoit, MP for Vegreville-Wainwright. This project is just one example of the commitment of both governments to strengthening the Alberta economy by reducing red tape, creating jobs for Alberta people, and getting shovels in the ground sooner.

This project will enhance local services and create local jobs, at a time when the need for economic stimulus is greatest.
The governments of Canada and Alberta will each invest up to $327,721.00 in the project. The town of Vegreville will contribute the balance of the total eligible project cost of up to $983,163.00.

“This co-investment in municipal infrastructure will address a much-needed project in Vegreville,” said Premier Ed Stelmach, MLA for Fort Saskatchewan-Vegreville. “Strong communities are a priority for my government, and we know that this project will contribute to the long-term strength of Vegreville.”

“This project is one which will benefit the people of the town of Vegreville.  It is money well spent which will help position this community and Canada to better strengthen our economy after this recession is over,” said  Leon Benoit, MP for Vegreville—Wainwright.  “As well, of course, it is money well spent because the cost of this project is 30% to 50% less than it would have been one year ago.  These are bargain prices.”

Mayor Richard Coleman added, “Receipt of the Building Canada Fund for Infrastructure is currently providing much needed funding to replace aging and unpredictable infrastructure in older sections of the town of Vegreville.  This will provide better service to our residents and reduce the number of repairs to underground services over the long term future.”

This project is one of 156 projects across the province that will break ground quickly thanks to a joint federal-provincial investment of more than $444 million. Together with municipal and other contributions, the total investment in local infrastructure improvements in Alberta for the Infrastructure Stimulus Fund exceeds $550 million.  Today’s announcement includes a joint funding contribution of close to $175 million for 96 municipal projects in communities of fewer than 100,000 residents. The governments of Canada and Alberta have taken steps to get shovels in the ground and to flow money faster for targeted infrastructure projects in Alberta communities in the 2009 and 2010 construction seasons.

For more information on Building Canada, please visit: www.buildingcanada.gc.ca.
To learn more about Canada’s Economic Action Plan, visit www.actionplan.gc.ca.
Province of Alberta website http://alberta.ca/home/