To improve the flood resilience of the GTA, the federal government has pledged a total of $150 million to fund four flood and storm mitigation projects in and around the area.
The announcement comes after GTA residents had to put up with flooded basements and power outages over the summer. According to the Insurance Bureau of Canada, the storm that hit the area on August 07, 2018 caused over $80 million in insured damage.
The $150 million funding will be distributed to four projects:
CBC News reported that the funding will come from the Federal Disaster Mitigation and Adaptation Fund. The $2-billion, 10-year program was designed to support the construction of infrastructure that would help communities endure natural disasters.
According to Minister of Infrastructure and Communities Francois-Philippe Champagne, the pledge is the first project announced from the fund.
“Today’s announcement is all about keeping Canadian families safe and it’s all about protecting local businesses and it’s all about supporting a strong economy,” he said.