Mississauga Awarded $2.1 Million in Federal Funding
We've got some good news for Mississauga residents who were hoping for a major influx of infrastructure funding in the wake of last year's federal election.
The city was recently awarded roughly $2.1 million in federal funding through the Canada 150 Community Infrastructure Program (CIP 150).
The city is set to receive funding for 25 infrastructure rehabilitation projects. Those projects include the rehabilitation of 14 trails, nine playgrounds and two renovation projects at Lake Aquitaine Park and Riverwood Park. The federal program is meant to celebrate Canada's milestone 150th birthday under the Giving Back to Canada theme.
"Infrastructure funding commitments, such as Canada 150 Community Infrastructure Program 150, made by the Trudeau government, helps municipalities invest to update much needed infrastructure," said Mayor Bonnie Crombie in a press release. "This funding enhances the overall well-being of our community and directly contributes to our city's unrivalled quality of life for all residents. The funding also offers an opportunity for the City to complete projects of historical significance, celebrating Canadian history and heritage."
Mayor Crombie is pretty excited about the investment, adding, "on behalf of my council colleagues and the city of Mississauga, I would like to thank the Trudeau government for investing in our city and our promising future. Mississauga will contribute to the economic benefits to Canadians through job creation, addressing maturing infrastructure like playgrounds and trails that residents can continue to enjoy and sites which are important to Mississauga's history. The funding will also strengthen accessible public infrastructure for the future."
Since the project is funding a lofty total of 25 infrastructure rehabilitation projects, the final cost will actually reach $4.62 million -- a little more than the $2.1 million the city will get from the feds.
"The City will contribute the remainder of the project costs, roughly $2.4 million, primarily through taxes and reserve funds approved in the 2016 Budget, with spending in 2016 and 2017," said Janice Baker, City Manager and Chief Administration Officer, in a press release.
The projects funded by CIP 50 must commence after April 1 and wrap up by June 30, 2017, so the time line is a little on the tight side.
Tight time line aside, it'll be good to see the city's parks and landmarks get a well-deserved facelift. Here's hoping for some positive ROI.
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