Mr. Speaker, since 2006, our government has taken unprecedented action to support the provinces, territories and municipalities in building new, modern and efficient public infrastructure in every community across Canada. In budget 2007, we launched the historic building Canada plan, which is providing $33 billion over seven years for provincial, territorial and municipal infrastructure projects. In 2009, when the economy needed a boost, our economic action plan provided an additional $14 billion in funding for infrastructure and housing. Budget 2012 also committed an additional $150 million in infrastructure funding under the community infrastructure improvement fund.
Building on the success of past infrastructure investments, budgets 2011 and 2012 committed our government to consult with our partners to develop a long-term plan for public infrastructure that extended beyond the original building Canada plan. The outcome of this engagement process was the new building Canada plan, which was announced as part of our budget 2013. The new building Canada plan includes over $53 billion in new and existing funding for provincial, territorial and municipal infrastructure over 10 years.
The plan features three key funds that will see $47 billion in new funding for provincial, territorial and municipal infrastructure starting in 2014-15. First, the 10-year, $32.2-billion community improvement fund consists of an indexed gas tax fund and the incremental GST rebate to support municipalities across Canada in investing in roads, public transit, recreational facilities and other community infrastructure. Second, the new building Canada fund will provide $14 billion over 10 years in support of major economic infrastructure projects of national, regional and local significance, including highways and public transit infrastructure. Finally, economic action plan 2013 renewed the P3 Canada fund with $1.25 billion over five years to continue supporting innovative ways to build infrastructure projects faster and provide better value for Canadian taxpayers through public-private partnerships.
On November 5, new gas tax fund agreements were sent to the provinces and territories. Our government is now ready to sign those agreements. We have been working diligently to finalize the new building Canada fund program parameters. The new building Canada fund will be launched on schedule. There will not be a break in federal funding for our country's infrastructure. While we continue to develop the new building Canada fund, $6 billion from the original building Canada fund continues to flow to provinces, territories and municipalities as they continue to build and renew infrastructure that contributes to economic growth, job creation, a cleaner environment and strong, prosperous communities.