Funding for this project was announced on June 25, 2012. Its total cost is estimated to be over $181 million. Federal funding for this project comes from the Building Canada Fund - Major Infrastructure Component, under which the Government of Canada is setting aside up to one-third of total eligible costs, to a maximum federal contribution of $46,646,667. The Province of Manitoba and City of Winnipeg are each contributing up to $51 million. The balance of funding will come from new incremental property tax revenues from an integrated hotel and commercial development adjacent to the RBC Convention Centre Winnipeg, as well as additional revenue generated by the RBC Convention Centre Winnipeg.
For additional information about federal investments in infrastructure and to stay up-to-date with Infrastructure Canada Web feeds, visit www.infrastructure.gc.ca.
To learn more about Canada's Economic Action Plan, visit www.actionplan.gc.ca.
To learn more about Manitoba's infrastructure projects, please visit www.infrastructure.mb.ca.SOURCE RBC Image with caption: " Winnipeg Convention Centre Name to Change (CNW Group/RBC)". Image available at: http://photos.newswire.ca/images/download/20130702_C4785_PHOTO_EN_28680.jpg