Madam Speaker, I would like to highlight that, as has been said before, we have a comprehensive infrastructure plan that is delivering to Canada for Canadians. These projects are creating economic growth as noted by the Bank of Canada, and opportunities for Canadians as we build healthy, livable, and sustainable communities. Our infrastructure plan was presented in budget 2016, and we expanded that in the year's fall economic statement and the funding was profiled, as members may recall, in budget 2017.
The government's investing in Canada plan is made up of three important elements: $92 billion in renewed programs, $14.4 billion in investments in projects that make much-needed repairs to existing infrastructure, and $81.2 billion to support infrastructure investment in five priority areas over the next decade. They are notably public transit infrastructure, green infrastructure, social infrastructure, trade and transportation infrastructure, and infrastructure in rural and northern communities, which is particularly responsive to the member's question, especially as it represented a change in what we had planned to do, notably through advocacy of rural members. I would encourage the member opposite to take note of that, and even more so as the federal government's share increased a larger percentage in the last bilateral agreements that we have been negotiating with provinces, which will alleviate the burden on smaller communities.
I want to focus on the new investments made by our government.
In budget 2016, we launched the phase one of our $180-billion investing in Canada plan. Phase one supports a wide variety of infrastructure projects, including public transit, water, waste water, and affordable housing projects in communities across Canada, including indigenous communities.
Since then, the Government of Canada has approved over 29,000 projects for a total estimated value of $13.2 billion in federal funding.
We are also making considerable progress on our commitments made under budget 2017. Under the second phase of our plan, 11 federal departments, as the member opposite highlighted, are delivering 24 programs and nearly all have launched.
We are committed to transparency and, as highlighted in budget 2018, we have reprofiled funding over the years of our plan. This is an issue of cash flow management and not one of lack of activity, as the members opposite might suggest, which is entirely erroneous. The funding in our investing in Canada plan remains available. If funding does not flow in a given year, it is reprofiled to future years, ensuring that the federal funding remains available to project partners when they need it.
We remain committed to working openly and transparently as we develop programs that will provide necessary funding for infrastructure Canadians need and use every day.
Our government understands that infrastructure is the foundation of building a strong economy, creating jobs for the middle class and creating opportunity for those who work hard each and every day to be part of the middle class. These investments we have made to date demonstrate our commitment to Canadians, and we look forward to building even stronger, more sustainable, and inclusive communities for the 21st century.