Saint-Lambert receives a generous grant for its infrastructures
The Ville de Saint-Lambert is pleased to announce increases in the amounts already provided for in the Programme de la taxe sur l’essence et de la contribution du Québec (TECQ) 2019-2023 (gasoline tax and Quebec contribution program). The city will thus receive an additional amount of $2,523,597, bringing its total envelope to $10,552,876. This means that the Quebec government’s financial contribution will go up to $3,224,595 and that of the Canadian government to $7,328,281.
“I am thrilled about this financial assistance, which will help us carry out the infrastructure part of our three-year capital expenditure program (PTI) without adding to our debt service burden. This is excellent news, given that we have big needs in this regard,” announced Mayor Pierre Brodeur.
The decision of both the Quebec and Canadian governments to grant all municipalities major financial support is aimed at promoting the economic recovery in all regions of Quebec. The government contributions will be added to the municipalities’ usual investments and not substitute for them, which explains why municipalities are required to maintain at least a minimum threshold of expenditures on municipal infrastructures.
“I offer my sincerest thanks to the governments of Canada and Quebec for this financial assistance. We will be contributing directly to their economic recovery goals by investing more in our infrastructures over the next two years,” continued Mr. Brodeur.
To qualify for the full amount of the grant, the Ville de Saint-Lambert will have to invest at least $7,628,125 over the duration of the program, for the period from January 1, 2019 to December 31, 2023. “Including the grant money, we will be able to invest $18,181,001 in our streets and contribute directly to the quality of life enjoyed by our residents,” concluded the mayor.