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November 28, 2012
For immediate release

Capital Budget 2013-2014 to invest $83.9 million on Island infrastructure while bringing spending closer to traditional levels

Finance and Energy

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The 2013-2014 Capital Budget makes important investments in Island infrastructure while bringing spending closer to traditional levels, says Finance, Energy and Municipal Affairs Minister Wes Sheridan.

“This Capital Budget continues the work we started with our stimulus program - creating jobs and bolstering the economy while investing in hospitals, roads and schools for the people of this province,” said Minister Sheridan. “While it is important to maintain these significant gains, we are mindful of our plan to return to normal spending on capital projects.”

There are $83.9 million in investments planned for the 2013-2014 year, including:

• work to be completed on the Prince Edward Home as part of the Manor Replacement Program;

• further investments will be made to École-sur-Mer and the Souris School;

• renovations to the Montague Intermediate School will proceed;

• funding of $500,000 will improve access to technology in Island classrooms; and

• an additional $35.5 million will be allocated to highways and bridges in 2013-2014.

Since 2007, nearly $225 million has been spent building and maintaining highways and bridges; more than $100 million has been invested in schools, buses and other educational infrastructure; and, with the assistance of the Queen Elizabeth Hospital Foundation, $198 million has been spent on improvements to hospitals, manors and health infrastructure.

“Because of these investments, Islanders have a stronger health care system, better schools and safer highways,” said Minister Sheridan.

To read the Capital Budget for 2013-2014, go to www.gov.pe.ca/capitalbudget.

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Media Contact: Jennifer MacDonald-Donovan
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