Public Transit Infrastructure Fund (PTIF) | Infrastructure Canada (INFC)

Value: PTIF total federal funding from all sources can be up to 50% in provinces and up to 75% in territories of total eligible costs per project.

Description:

The Public Transit Infrastructure Fund (PTIF) will provide short-term funding of $3.4 billion to help accelerate municipal investments to support the rehabilitation of transit systems, new capital projects, and planning and studies for future transit expansion to foster long-term transit plans.

  • Canada will enter into Bilateral Agreements (BA) with provinces and territories to deliver the PTIF. The provinces and territories in turn, will enter into agreements with eligible ultimate recipients to manage projects
  • Canada will retain the flexibility to enter into agreements with other types of recipients, if deemed necessary to allow funds to flow into the economy quickly
  • An Oversight Committee (OC) co-chaired by federal and provincial/territorial officials will be established to report on project progress and program outcomes, monitor and mitigate risks, and audit and evaluation for each province and territory

Eligibility:

  • Provinces and territories
  • Municipal or regional governments established by provincial or territorial statute
  • A transit agency or authority, established by a provincial, territorial, or local government

Eligible Expenses:

Eligible costs are costs considered by INFC to be direct and necessary for the successful implementation of an eligible project. Costs of Aboriginal consultation, and where appropriate, accommodation will be considered eligible.

Deadline: Ongoing. Projects must be completed by March 31, 2018.

Contact: Infrastructure Canada | 1-877-250-7154 | infc.info.infc@canada.ca

Website: http://www.infrastructure.gc.ca/plan/ptif-fitc/ptif-program-programme-eng.html

By | 2018-08-07T02:28:08+00:00 July 31st, 2018|Categories: Grants|0 Comments

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