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.
Building better communities
- $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 environment
- $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.
- $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.
- $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