This year, Lloydminster will be receiving $1,064,243 from the federal Gas Tax Fund.
The funding from the federal government flows through the province to municipalities across Alberta to support local infrastructure projects.
“Through the federal Gas Tax Fund, communities across Alberta and the rest of Canada can direct federal funding to the infrastructure projects that address the most pressing needs of local residents and businesses, from improving drinking water to building new recreational facilities. The Government of Canada is proud to deliver this predictable, long-term funding to help ensure access to good middle class jobs, increased mobility, greater economic opportunities, sustainable communities and a high quality of life for all Canadians,” says the Honourable Amarjeet Sohi, Minister of Infrastructure and Communities.
The money comes in two installments and can be used in a variety of ways including roads, bridges, public transit, drinking water, wastewater infrastructure and recreational facilities. Communities can also choose to save the money for future projects or pool the funds together with other communities for shared infrastructure projects. It can also be used to finance major infrastructure expenditures.
In total, the province will receive over $219 million this year through the fund.