Madam Speaker, the global economy has changed, and Canada must change with it. In the face of uncertainty and the need to transition to a low-carbon economy, our government's budget is a plan to meet the moment with generational investments that will build a stronger and more resilient country.
For my constituents in Halifax, these investments are not abstract promises. They include concrete opportunities to grow our city and our prosperity. Halifax's priorities are aligned with those of budget 2025, specifically in the key areas of defence, trade, infrastructure and building strong communities.
I would like to take a moment to discuss Halifax's unique positioning to be a key contributor in these areas.
The trade diversification corridors fund represents $5 billion of investment to improve access to new overseas markets and develop our port, airport and rail infrastructure. Halifax is already a critical trade hub. The port of Halifax is situated in a naturally deep, ice-free harbour that is operational year-round. Its location allows for direct access to global trade routes and it is uniquely positioned in close proximity to many major European ports. We have a strategic advantage to propel Canada into stronger and more resilient trade relationships. Investing in Halifax will lead to direct economic benefits for the entire country. This investment in the trade infrastructure corridors fund reflects not only potential growth for Halifax, but an increase in well-paying jobs across industries.
Halifax is home to Canada's largest military base by number of personnel. The impact that the thriving and innovative defence sector has on our city is immeasurable. An investment of over $80 billion in the Canadian Armed Forces would have a significant impact on CFB Halifax and would further boost the economy of the entire region.
Of particular interest to my constituents is the River-class destroyer project, which will be built in my riding by Irving Shipbuilding. This project alone will create and maintain over 3,700 jobs through to 2027 and contribute over $719 million annually to Canada's GDP. Our government's strong commitment to supporting defence and meeting our NATO commitments will lead to economic prosperity and national security for the entire country.
Budget 2025 places a large emphasis on military spending, expanding trading relationships and building a strong economy. These are all essential pieces of the puzzle that is building Canada strong and, as I have highlighted, building Halifax strong.
It is also important to highlight that, in addition to these major priorities, budget 2025 represents a well-rounded plan to build more resilient communities. From local infrastructure development to affordable housing and from environmental action to social programs, this budget would make important investments in areas that will support Canadians where they matter most.
Right now, in Halifax, as in many cities across Canada, we are facing a housing crisis. Young professionals, students, seniors and essential workers, the very people who power our economy, are struggling to find stable and affordable places to live. That is why budget 2025 includes a $13-billion investment in Build Canada Homes. This initiative will double housing construction across the country with a focus on non-market, sustainable and affordable homes, including co-operatives and supportive housing. This program ensures that we can build the homes we need to match the need now and well into the future. It will help us to reduce homelessness and bring home ownership back into reach for Canadians. Our government also recognizes that the need for first nations, Inuit and Métis housing is acute. For this reason, $2.8 billion is included for urban, rural and northern indigenous housing.
With a significant increase in new housing, we need to ensure that we have the necessary infrastructure to support these communities. For this reason, the build communities strong fund is one of my favourite parts of budget 2025. This investment represents over $50 billion in funding, with $27.8 billion specifically designated for things like local roads, bridges, water systems, community centres and more. All of these represent the core foundation of community. This investment also includes $17.2 billion dedicated to housing, health care and education infrastructure.
Across Canada, we feel the pressures that are placed on these sectors, and this funding would be essential to support our provincial and territorial counterparts as they work to alleviate those pressures. In Halifax, this funding has the potential to assist with infrastructure upgrades to our hospitals, schools and new community developments. The build communities strong fund is a win for all Canadians, and it is one that I hope to seek cross-party support for.
Cities are not just brick and mortar; they are hubs of human connection, arts and culture, natural spaces and architectural wonders. An artistic and vibrant city is one where people want to live, connect, work and visit. Halifax is this kind of city. It is home to over 65 galleries, multiple performance venues, festivals and a creative economy that support thousands of jobs. Budget 2025 includes more than 400 million dollars' worth of investment in arts and culture to stabilize organizations that have been impacted by recent economic shocks, to support cultural infrastructure upgrades and to expand the production of export-ready cultural products. This funding would help drive tourism to our city and support our artists.
It is not just the arts. Canada is a multicultural country that is proud to be bilingual, and this is reflected in budget 2025. Our government is committed to supporting the French language. In Atlantic Canada, a clear example of our commitment is our $4‑million investment to support National Acadian Day.
Our government also remains committed to supporting under-represented communities. As Halifax is home to one of the highest per capita populations of gender-diverse individuals in Canada, many of my constituents will see a direct impact of this support. Inclusivity leads to welcoming communities, which lead to happy residents and thriving economies. Our government is stepping up to provide crucial funding to ensure that inclusivity remains a core Canadian value. We have committed more than half a billion dollars to Women and Gender Equality, with a core mandate to support women seeking leadership opportunities, the 2SLGBTQQIA+ community and those fleeing gender-based violence.
As we discuss building strong communities, we must recognize that we have an obligation to ensure that these communities are sustainable and resilient to climate change. We are committed to ensuring that a climate lens is applied across our initiatives because climate action is not only a moral obligation; it is an economic necessity. Stronger industrial carbon pricing and methane regulations will lead to the most effective reductions of emissions, and they will have a near negligible impact on individual household costs.
We will help businesses innovate and scale through new and renewed tax credits. In Nova Scotia, residents, stakeholders and governments alike were pleased to see recognition of the potential for offshore wind development in the launch of the Major Projects Office and again in the budget. This project can propel Nova Scotia and Canada forward as a clean energy superpower and will further connect eastern Canada with a clean, renewable energy grid.
Our government was faced with a choice in navigating global trade disruptions. We could have just made cuts across the board and crossed our fingers that things would sort themselves out, but that is not a responsible choice and it does not position Canada to have agency over its future. Instead, we made the responsible and strategic choice to invest in Canadians.
Budget 2025 is an ambitious plan to meet the moment and build a stronger, more prosperous country. Our plan includes generational investments that would propel Canada to become one of the strongest economies in the G7, because we want Canadians to thrive.
Let us approve the budget and get to work on investing in a Canada that we can all be proud of.