Capital Budget
The Capital Budget is a forecast of spending for infrastructure and capital projects such as roads and bridges, public buildings, and equipment. The operating budget is delivered each spring.
On November 7, 2024 Premier Dennis King and Finance Minister Jill Burridge tabled government’s 2025-2026 capital budget, which includes investments of $483 million for 2025-2026, with a five-year total of $1.65 billion.
Building Strong Foundations for Learning
- 2 New Elementary Schools for Charlottetown
- $64.9M over 5 years
- To meet the most urgent capacity needs, new, net-zero ready schools will be built in both East and West Royalty, with space for 650 students at each site.
- Georgetown School Replacement
- $10M over 5 years
- To replace the elementary school with a new facility to provide a modern learning environment to support innovative teaching methods.
- Westisle High School
- $16.8M over 4 years
- Phase one of a completed needs assessment-based major renovation.
- Queen Charlotte Expansion
- $18.9M over 3 years
- To add over 20,000 square feet of learning space as well as meeting rooms, updated mechanical systems, and green building initiatives.
- School Revitalization Fund
- $16M over 3 years
- To continue the multi-year, $22M commitment, started in Fall 2023, which will address urgent needs such as classroom upgrades, learning space improvements, and accessibility enhancements, ensuring that every school in PEI is a safe, modern place to learn.
Building a Healthier Tomorrow
- New Community Health Centres (CHC)
- $57.5M over 4 years
- To continue transforming how we deliver primary care in this province, including developing a new CHC in Three Rivers, building a new CHC in Queens County, and completing the CHC in Summerside.
- Long-term Care Bed Expansion
- $11M over 3 years
- To meet the growing demand for long-term care; beginning in Souris and Tyne Valley, with funding to assess where future expansions will take place.
- Midwifery Clinic in Summerside
- $1.2M next year
- To continue building on the successful launch of the midwifery program earlier this year.
- Adult Day Program for Seniors
- $18.8M over 4 years
- To create additional spaces in which to offer enhanced services, including accessible bathing, and dementia-friendly environments, giving caregivers peace of mind and enriching the lives of those who need these vital services.
Building Homes, Strengthening Communities
- 482 New Social Housing Units
- $184.6M over 5 years
- To build stronger, more inclusive communities across Prince Edward Island with increased access to safe, affordable housing, such as on the former Montague Manor site where 30 new housing units will be built.
- Building Tiny Homes and Small Homes
- $14M over 5 years
- To build 47 new tiny and small homes in collaboration with key community and government partners, and to build the necessary infrastructure to support these homes and the people within.
- Upgrading and Repairing Existing Public Housing Units
- $31.7M over 5 years
- To upgrade and repair existing units to ensure tenants’ needs are met and enhance energy efficiency.
- Upgrading and Building New Group Homes for Vulnerable Islanders
- $7.8M over 2 years
- To build two new group homes and purchase additional homes to provide care for children with specialized needs, and to fund repairs and improvements to existing group homes to create safe, supportive spaces for children and youth.
Building Modern, Accessible Public Services
- Building and Maintaining Roads, Bridges, Highways
- $295.6M over 5 years
- To maintain reliable infrastructure across the province, ensuring Islanders are kept connected and safe.
- Building Cellphone Towers
- $2.5M next year
- To address cellular coverage gaps, ensuring communities across PEI are better connected.
- Investing in a Self-Service Portal
- $8.1M over 5 years
- To create a central, online hub for government services, offering Islanders easy access to timely information at their convenience.
Where can I find older budget documents?
Search Budget Archives for documents from 1998 to present.
Read the news release - Province Announces Bold New Capital Budget: “Building for Our Future"
Contact:
Sara Watson
Telephone: 902-368-4201
Toll-free: 1-800-236-5196
Email: sdwatson@gov.pe.ca
Published date:
November 7, 2024