City transit projects will receive $31 million from the federal government and $25 million from the province, over the next decade, under a new funding program meant to boost infrastructure.

The cost-sharing deal announced earlier this week will see the federal government spending a total of $22 billion on infrastructure projects across Ontario, between now and 2028.

The provincial government will contribute another $10 billion over the same time-frame, The Canadian Press reported.

For the City of Peterborough, that's expected to mean up to $31.1 million from the feds and an additional $25.7 million from the province, states a press release issued by the federal government.

Peterborough County can expect far less: a maximum of $23,920 from the feds, plus $19,775 from the province.

The Canadian Press reported that similar cost-sharing agreements may also soon be extended to other provinces and territories looking for new federal infrastructure money.

Infrastructure Minister Amarjeet Sohi announced the agreement with Ontario this week.

Sohi must oversee $33 billion in spending that the Liberals have planned for infrastructure projects, the Canadian Press reported. Agreements with all the provinces and territories must be signed before that money can start flowing.

"Peterborough transit matters," stated Status of Women Minister Maryam Monsef in the government of Canada's press release.

She further stated that the transit money will make transportation far easier for families, students, seniors, workers, rural people and people with disabilities.

"At its core, infrastructure is all about people," stated Agriculture, Food and Rural Affairs Minister Jeff Leal in the same release.

Leal added that spending on transit "keeps our community moving" while also protecting the environment and boosting the local economy.

"As a former city councillor in the city of Peterborough, I have always believed that investments in transit builds a complete community."

Loading... Loading... Loading... Loading... Loading... Loading...