Mr. Speaker, I welcome the member's comments. He is fairly new in the House. He was not here back in 2004 when you and I were elected, Mr. Speaker, and the Liberals were governing. I guess he does not remember the total incompetence of the Liberal Party in handling this and the total lack of investment in infrastructure across the country. I am glad to correct the record for him and let him know a little about the last 10 years of history.
Since 2006, we have nearly doubled the annual funding for provincial, territorial, and municipal infrastructure across the country. We continue to build on our government's historic infrastructure investments: $75 billion for public infrastructure over 10 years. This includes the $53 billion new building Canada plan, the largest and longest federal infrastructure plan in our nation's history. Seventy per cent of the new funds available through the plan are directly supporting infrastructure in municipalities across the country.
The plan includes the $14-billion new building Canada fund, which is supporting projects of importance to provinces, territories, and municipalities. A subset of the new building Canada fund is the small communities fund, which is providing $1 billion in funding dedicated solely to supporting communities of fewer than 100,000 residents. Eligible municipalities can use the small communities fund to support a variety of infrastructure projects that support economic growth, a clean environment, and stronger communities.
We also have the federal gas tax fund that goes to municipalities to address their needs. The federal gas tax fund has been extended and doubled to $2 billion annually and has been legislated as a permanent source of federal infrastructure funding for municipalities. It has been indexed at 2% a year, providing an additional $1.8 billion over the next decade. The fund represents certainty to every municipality across Canada, something they never had under the previous Liberal government.
When municipalities requested more flexibility to prioritize their local infrastructure projects under the federal gas tax fund, we increased the number of eligible categories and allowed municipalities to pool, bank, and borrow against this funding. More categories and financial flexibility means more opportunities to address a wider range of priorities in municipalities across Canada. Again, that is something that was never available under the previous Liberal government.
The new building Canada plan has been open for business since March 2014, and programs are well under way. We are working with provinces and territories collaboratively to identify projects, and we are processing proposals as quickly as they come in. In fact, more than $6 billion in total project costs have already been announced, and we look forward to announcing many more projects in 2015.
Late last year, our Prime Minister announced another $5.8 billion to address national infrastructure priorities that will have long-lasting benefits, including job creation. There is also significant funding from existing federal infrastructure programs that continues to support public infrastructure in municipalities across Canada.
Here are some examples of the work we have been doing with municipalities and the investments we have made to meet their community needs. There are so many here. In North Vancouver, we have made an investment of $12 million on the Highway 1 and Mountain Highway interchange. In Toronto, where the member comes from, GO Transit network improvements received $385 million in federal contributions. Still in Toronto, there is $622 million for the Toronto-York-Spadina subway extension. There is $660 million for the Scarborough subway. Here in Ottawa, there is $600 million for light rail transit. There is $83 million for Mississauga bus rapid transit.
I could go on and on. All these things of course were never available under the former federal government.