Wednesday, July 14, 2010

grant money available !!

If we had a shovel-ready plan in place we could still get some stimulus grant money !

OTTAWA - Ottawa has decided to allow municipal governments to add some last-minute projects to their stimulus list, since some bids for the federal government's massive infrastructure plan are coming in well under budget.

"We are monitoring projects on a regular basis with the provinces. Where tender prices have come in under budget, we have recycled that money to create even more jobs," said James Kusie, spokesman for Transport and Infrastructure Minister John Baird.

But there's a hitch in the effort to recycle funds.

The new projects won't get any extra time to come to completion. Like all the projects funded by the $16-billion federal stimulus money, Ottawa will pay the bills only up until March 31, 2011.

So it's not clear how many cities will actually take advantage of the flexibility.

No comments: