The Canadian federal government and the government of New Brunswick have announced they are making a combined investment of CAD$114.6 million to the City of Saint John Safe Clean Drinking Water project.

The federal government is providing a CAD$57.3 million non-repayable P3 Canada Fund contribution to the project while the Province of New Brunswick is providing a CAD$57.3 million contribution through the Regional Development Corporation.

The P3 Canada Fund is managed by PPP Canada, a Crown corporation responsible for advancing Canadian P3s through the provision of expert advice and support to all levels of government.

Under the proposed public-private partnership (P3) arrangement, the private partner will be responsible for the design, construction, financing, operation and maintenance of the project.

The city of Saint John plans to construct a new 100 million litre per day drinking water treatment plant, three new 11 million litre storage reservoirs and 15 other water transmission system improvements.