The Muncipal Operations Commissioner is outlining the four components for coming up with the additional $19 million dollars needed for the Harbour Clean Up. Paul Groody says city staff has found a way to reduce the overall cost through value engineering exercises.
Groody says the money the province has already invested is accumulating interest, which will go towards the project. He says the city will invest $2.5 million dollars and will be asking the federal government to match the investment. The 2010 gas tax funding will also be used on Harbour Clean Up rather than on safe, clean drinking water because those projects are related to the recently approved six stimulus projects. Groody says the rest of the money will come from the utility’s future capital funding.
