Infrastructure Stimulus Fund (ISF)
On June 5, 2009, the Canadian and Ontario governments announced a joint investment of $1.85 billion for infrastructure projects to create jobs and help stimulate the economy. For municipal projects, the federal and provincial governments will each contribute up to one-third of eligible costs, with municipalities contributing one third, so that all parties equally share the total project costs. Projects focus largely on the rehabilitation of existing assets such as water, wastewater, public transit, highways, roads, culture, parks and trails. Mississauga's approved 132 ISF projects must be completed by October 31, 2011 to be eligible for funding.
For details see ISF Guide
Recreational Infrastructure Canada (RInC)
On June 26, 2009 the Canadian and Ontario governments announced an investment of more than $380 million in recreational infrastructure projects over a two-year period. Each level of government is contributing up to one-third of a project's eligible cost up to a maximum of $1 million each, per project, with recipients providing the balance. Mississauga has received funding for six outdoor pools. Construction will begin in March 2010 and must be materially completed by October 31, 2011 to be eligible.
For details see www.rinc-on.ca