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Stock Market

The federal government is chipping in nearly $20 million in funding for 26 water projects across 14 municipalities in Prince Edward Island. Lawrence MacAulay, Minister of Agriculture and Agri-Food and MP for Cardigan, made the announcement on June 9.

 

Projects to receive funding include wastewater treatment plant upgrades in Albany and Kinkora, as well as storm water, sewer and water main improvements.

"By pooling our resources, the federal and provincial governments—combined with municipalities and community partners—can make important investments that protect our province, safeguard the environment and deliver reliable supplies of safe drinking water. The many projects being supported today will serve our province and communities for years to come,” said Wade MacLauchlan, PEI premier.

Montague and Georgetown were two other municipalities to receive federal funding. The former involves a project to rehabilitate nearly 635 metres of aging storm water management infrastructure along Fraser Street between School Street and Queen Street. These vital upgrades will increase the system's capacity, reducing the risk of storm water overflows and local flooding.

In Georgetown, work involves adding a new well to the town's drinking water distribution system to increase capacity and offer more reliable services to residents year-round.

The total estimated cost of all 26 projects is approximately $30 million. The province will contribute $9.9 million with the remaining coming from the individual municipalities.