Capital Budget

PEI Capital Budget 2020 thumbnail of coverThe Capital Budget is a forecast of spending for infrastructure and capital projects such as roads and bridges, public buildings, and equipment. The operating budget is delivered each spring.

Hon. Darlene Compton, Minister of Finance and Chair of Treasury Board, delivered the 2021-22 Capital Budget during the fall session of the Legislative Assembly.

$195.9 million this year; $747.6 million over five years on critical infrastructure and technology for people, schools, communities and the environment from 2021-22 to 2025-26.

Highlights

Building better communitiesgraphic for Building better communities PDF

  • $12.7 million for a new total of $36.2 million to fund additional seniors and family units, transitional housing, and to support the 100 affordable units previously announced.
  • $5 million for a new total of $36.5 million dollars for the repair and replacement of bridge infrastructure across PEI.
  • $4.3 million to fund the upgrades required at the Mark Arendz Provincial Ski Park to host the 2023 Canada Winter Games.

Making changes to preserve our environmentgraphic for Making changes to preserve our environment PDF

  • $15.4 million to purchase more Electric School Buses, for a new total of $31.5 million.
  • $120 thousand for a new total of $870 thousand for Electric Vehicle Charging Stations to create a network for electric vehicles.
  • $5 million for Active Transportation Lanes to be developed across Provincial roads and pathways.

 

 Investing in our students and schoolsgraphic for  Investing in our students and schools PDF

  • $4.1 million for a new total of $42.1 million to continue developing a new school within Stratford as a net-zero ready facility.
  • $2.8 million for a new total of $25.2 million towards building a new elementary school for the residents of Sherwood and to ensure it is a net-zero ready facility.
  • $16.5 million for a total of $46 million in upgrades and enhancements to West Royalty Elementary, École-sur-Mer, Eliot River, and Evangeline Schools.

Expanding services to support wellnessgraphic for Expanding services to support wellness PDF

  • $145 million to replace the Hillsborough Hospital and modernize the delivery of mental health services. The Mental Health Campus will include a new 8-person structured housing/day programming facility and a new 12-person women’s addiction extended care residence.
  • $25.3 million for repairs at Island healthcare facilities.  An additional $7.8 million will be allocated to repair and improve critical infrastructure.
  • $19.7 million to support the development of Healthcare Hubs in West Prince, Kings County, and Summerside areas.

Read the media release: Capital Budget lays the foundation for Prince Edward Island to become net-zero

Contact:

Telephone: 902-368-4201
Toll-free: 1-800-236-5196
Fax: 902-368-5544 
Email: tlredmond@gov.pe.ca

Published date: 
November 20, 2020
Finance

General Inquiries

Department of Finance
2nd Floor South, Shaw Building
95 Rochford Street
P.O. Box 2000
Charlottetown, PE, C1A 7N8

Phone: (902) 368-4040
Fax: (902) 368-6575

DeptFinance@gov.pe.ca