Capital Budget

The 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.

On November 21, 2023 Premier Dennis King and Finance Minister Jill Burridge tabled government’s 2024-2025 capital budget, which includes investments of $368.8 million for 2024-2025, with a five-year total of $1.3 billion.

Transforming HealthcareTransforming Healthcare - Capital Budget 2023 Poster

  • Continued Commitment to Mental Health 
    • $167M over 5 years
    • Ongoing design and construction of the Mental Health Campus project, including the QEH emergency department expansion, short stay unit, and new acute care hospital and life skills centre. Within this five-year Capital plan, the campus will be complete and supporting Islanders in need of care
  • Space for Medical Students 
    • $17.5M over 5 years 
    • To support current medical residents and prepare for residents from the UPEI Medical School by creating learning and staffing spaces at QEH and PCH. This will also include a new building near the QEH for resident accommodations and programming, as well as childcare space.
  • Healthcare Facility Upgrades
    • $125.5M over 5 years
    • To improve healthcare facilities across PEI including a new KCMH in Three Rivers and QEH redevelopment, ventilation upgrades at QEH and long-term care facilities, roof replacements, and upgrades to ensure safety. 
    • This investment includes equipment worth $31M that is funded by hospital foundations across the province.
  • Primary Care 
    • $57M over 5 years 
    • To continue implementing Patient Medical Homes across PEI to improve healthcare access for Islanders.
    • Construction is underway at sites in Summerside and Charlottetown. Planning is underway for a second site in Charlottetown and another in Three Rivers
  • Technology Enhancements
    • $18.3M over 5 years
    • Investments in hospital information systems, mental health and addictions electronic medical records and long-term care solution to support residents.

Addressing HousingAddressing Housing - Capital Budget 2023 Poster

  • Improving Emergency Shelters and Transitional Supports
    • $12M over 5 years
    • To create a 25-bed emergency shelter in Summerside, support the relocation of the Community Outreach Centre in Charlottetown and start work at Smith Lodge to add 13 more supportive housing beds.
  • More Social Housing 
    • $176M over 5 years 
    • To purchase or build an additional 95 social and affordable housing units to increase the total to 560 units within the next five years. This includes support for the Malpeque Road and Hillsborough Park developments.
  • Building Through Partnerships 
    • $10.5M over 5 years 
    • For partnerships with Holland College, PEI Construction Association and the public school system to construct small and tiny homes. This includes funding for land and infrastructure to create a tiny home community. Another 34 units will be added for a total of 78 units in the 5-year period.

Modernizing SchoolsModernizing Schools - Capital Budget 2023 Poster

  • School Revitalization Fund 
    • $22M over 4 years 
    • For capital repairs and renovation needs at schools to enhance learning conditions for students and staff. This is in addition to the 5-year capital repairs budget of $20M.
  • Building and Expanding 
    • $176M over 5 years 
    • For school expansions and replacements, including Queen Charlotte Intermediate School to add classrooms and breakout rooms, a building assessment of Westisle Composite High School to determine upgrade needs, and the completion of the Stratford High School.
  • Outdoor Learning 
    • $300,000 
    • A pilot program for schools to create outdoor learning spaces to stimulate new educational opportunities and a greater appreciation for our natural environment.
  • Electrifying the Fleet 
    • ​​​​​​​$6.3M for a new total of $57.6M 
    • To purchase 132 new electric school buses and charging infrastructure to support the plan for a fully electric fleet by the end of 2030.

Revitalizing and Strengthening CommunitiesRevitalizing and Strengthening Communities - Capital Budget 2023 Poster

  • Enhancing Provincial Parks 
    • ​​​​​​​$10M over 5 years 
    • For new playgrounds, boardwalks, equipment, campsites, and renovations to washrooms and other structures at Provincial Parks.
  • Prepared and Ready
    • ​​​​​​​$7.2M over 5 years 
    • To purchase and replace generators at Government owned sites across the province; emergency equipment, including radios and cots; and forest fire response vehicles and equipment.
  • Provincial Bridges and Highways
    • ​​​​​​​$16.1M for a new total of $256M 
    • To increase funding for bridge replacements and improvements and provincial-wide paving to keep Island communities connected and support economic growth.
  • Safe Aquaculture Access Points 
    • ​​​​​​​$500K over 5 years 
    • For the repair and upkeep of aquaculture access points to maintain safety for aquaculture users across the Island.
  • Improving Energy Efficiency of Government Buildings
    • ​​​​​​​$22.4M over 5 years 
    • Improvements to Government buildings to make them more energy efficient and environmentally friendly as part of the Province’s Climate Adaptation Plan, including clean energy upgrades at Cardigan Consolidated School.

Where can I find older budget documents?

Search Budget Archives for documents from 1998 to present.


Sara Watson
Telephone: 902-368-4201
Toll-free: 1-800-236-5196

Published date: 
November 21, 2023