Mr. Speaker, it is my honour to rise today to speak in support of our government's building Canada fund.
The building Canada fund commits the government to an unprecedented $33 billion in new infrastructure funding to assist the provinces and municipalities in repairing, replacing or upgrading Canada's existing infrastructure.
In my home riding of Peterborough, simply extending the gas tax rebate by five additional years will translate into an additional $26 million in direct funding to the city alone and more than $40 million for my riding.
Additionally, our government will be there to support new projects, which will build bridges, roads, highways, sewers and public transit. Municipalities were clear. They need our support to assist them with Canada's infrastructure deficit and the government and the Prime Minister are committed to providing them with historic infrastructure support.
The initiatives of the government have already led to the successful agreement on the FLOW project in Ontario, which will provide new transit lines in the GTA and complete Highway 407 all the way through to Highway 115, but we are just getting started.
Like John A. Macdonald, the government is building Canada, and our nation's future could not be brighter.