Madam Speaker, let me reiterate the facts for the benefit of all members.
The University of Prince Edward Island is receiving funding under KIP to update the essential physical infrastructure on several of its campus buildings. The total cost of these upgrades is $4 million, of which the federal government is providing $2 million.
KIP is also providing funding to Holland College to undertake a major renovation of the Charlottetown Centre and construct a new centre for applied science and technology. The total cost of this project is $17 million, of which the federal portion is $8.5 million.
Taken together, federal funding for P.E.I. under the KIP program totals $10.5 million over two years. This funding is generating jobs and other economic benefits to the island while at the same time renewing important infrastructure at centres of learning.
I also note that budget 2010 included $135 million over two years to renew the National Research Council of Canada's regional innovation clusters program.
This too, is good news for Prince Edward Island as Charlottetown is home to the nutrisciences and health cluster initiative, a partnership between the Atlantic Canada Opportunities Agency, UPEI, the P.E.I. BioAlliance and its private sector members, and provincial and federal governments.