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Federal government transfers more than $156 million through the Canada Community-Building Fund to British Columbia

August 15, 2024 at 2:15 pm  Federal, Politics

Victoria, British Columbia, August 15, 2024 —The federal government has transferred more than $156 million to British Columbia under the Canada Community-Building Fund (CCBF) for the first payment of the 2024-2025 fiscal year. This will help communities across the province invest in their local infrastructure priorities.

This is the first of two payments to British Columbia for this fiscal year. The next payment is expected to be made prior to the end of the fiscal year.

This is the first transfer through the recently renewed CCBF agreement with the province. This agreement runs from 2024-2034, and under it British Columbia will receive more than $1.6 billion over the next five years, including $313 million this fiscal year.

CCBF provides communities with predictable and flexible funding across 19 different project categories, including drinking water, wastewater, public transit, and community energy systems, and helps them develop the required infrastructure for future housing developments.

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