The 2016 federal budget released earlier today outlines specific infrastructure upgrades and investments that are set to take place within Centretown.
Ottawa’s aging federal infrastructure is expected to receive roughly $700 million for environmental upgrades, which aim to reduce its carbon footprint. The National Arts Centre is also set to receive an additional $114 million to help with ongoing renovations.
Other projected funds include $3.4 billion over the next three years for the Public Transit Infrastructure Fund, which could help fund Ottawa’s light rail transit line.
The 2016 budget promises to accelerate $62 million to help clean up the Ottawa River by reducing sewer overflow into the water.
The budget also allocated $2.3 billion over two years for social housing, however it is expected that the provinces will determine where this money will be spent.
Mayor Jim Watson tweeted out that the budget is, “Good news for transit and housing.”
For the full budget go to: http://www.budget.gc.ca/2016/docs/plan/toc-tdm-en.html.