November 2, 2022 – Government of PEI: Premier Dennis King and Finance Minister Mark McLane tabled the provincial government’s capital budget outlining a record spend of over $1 billion dollars in investments to infrastructure across the province over the next five years, including $308.1 million in spending in 2023-2024 fiscal year.
“Islanders have been working together to support local through some of the toughest challenges in recent memory over the past few years, which has helped our economy continue to grow and allow our government to focus on additional spending for the future,” says Premier Dennis King.
“This Capital Budget continues to build on our commitments made in the past and also introduces new investments for Islanders that will support our economy and lead our Province into a cleaner, more efficient future.”
The five-year plan will see record spending of over $1.16 billion that will allow our Island to take action to become more environmentally resilient and sustainable, invest in the health of Islanders, and continue to build for the future.
“The Fall 2022 Capital Plan is an exciting budget with record new investments for Islanders that are made possible by high levels of growth and high economic performace for our Province as we come out of some difficult years,” said Minister of Finance Mark McLane. “This budget builds our Island’s resiliency while also making significant investments to meet the needs of Islanders in the future.”
Read the full news release here