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Saskatchewan putting $7.5 Billion into post-COVID economic recovery

The Saskatchewan Government is investing billions of dollars over the next two years into economic recovery for the province post-COVID-19.

5.5 billion dollars of this money is already earmarked for capital projects in the 2020 provincial budget, with the other $2 billion being used as an over and above booster for the economy.

The capital injection includes new capital funding of more than $300 million for highways projects, $200 million for health infrastructure and $135 million for education infrastructure.

Some of this health investment is for Meadow Lake, which will receive $15.7 million for a new 72-bed, long-term seniors care facility.

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Over the next two years, more than $320 million will be provided for municipal infrastructure via the Municipal Economic Enhancement Program, Investing in Canada Infrastructure Program, and targeted funding through the Ministry of Highways for municipal roads and airports.

The Government says based on Statistics Canada data, projects funded through the investment are expected to support approximately 10,000 jobs depending on the type, size and duration of each project.

The province says the increased funding supports the Sask Growth Plan to strengthen communities, investing $30 billion in infrastructure over the next decade.

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