TERRACE, BC: Government is investing in success for northwest communities by addressing long-standing infrastructure needs that are holding back the region.
A $100-million Northern Capital and Planning Grant will go to four regional districts (Fraser Fort George, Bulkley Nechako, Kitimat Stikine and North Coast) and their 22 municipalities.
“The rich resources and hard-working people of the Northwest have long contributed more than their fair share to the prosperity of our province,” said Premier John Horgan. “Unfortunately the benefits of success have been slow to flow back to the region, leaving communities with aging infrastructure that does not meet their needs or the needs of industry.”
This grant fulfils Premier Horgan’s commitment to northwest mayors to make sure local workers and communities are able to reap the full benefits of resource development in their region.
Small communities within the catchment area will receive a larger proportional share of the grant to compensate for their reduced commercial and industrial tax base.
Local governments may use the grant to meet an immediate infrastructure need for their community, save it for a future opportunity or leverage it to secure other sources of funding, including borrowing, reserves and other grant programs, to cover major infrastructure and long-term planning.
The grant was informed by recent discussions between the Province and the Northwest B.C. Resource Benefits Alliance. The Province consulted with the Union of British Columbia Municipalities, as a change to the Local Governments Grant Regulation is required before the Northern Capital and Planning Grant can be implemented.
Written and released by BC Government.