Mr. Speaker, unlike most other economic action pPlan measures, the green infrastructure fund, GIF, was announced in budget 2009 as a five-year $1 billion fund supporting infrastructure projects that promote cleaner air, reduced greenhouse gas emissions and cleaner water. As of December 14, 2010, 18 green infrastructure projects had been announced for a total of $627 million in federal funding.
While $200 million was provided for fiscal year 2009-10 through the 2009 Budget Implementation Act, as reported in the sixth Report to Canadians, not all of this funding was expended. It is important to remember that the GIF is a five year program that funds largerscale strategic projects of national or regional significance. Such projects typically require longer lead time for the planning, engineering and development stages which results in a smaller amount of expenditures in the early years and larger expenditures during the construction phase in the later years.
Moreover, as is the case for all programs managed by Infrastructure Canada, the federal government is a funding partner and does not manage or control the construction of infrastructure projects. Federal funding for approved projects flows as construction proceeds and costs are incurred. Once the federal government has approved the project, the pace at which a project gets built and funds flow depends on claims submitted by the proponent and is not within the federal government's control. Once receipts are submitted, the federal government pays all eligible costs within 30 days.
It is important to note that any unspent funding under the GIF was not lost, but reprofiled to future years to meet the cash flow requirement of our partners.