OTTAWA, April 22 /CNW Telbec/ - The President of the Federation of
Canadian Municipalities (FCM), Mayor Jean Perrault of Sherbrooke, Que.,
underscored the organization's commitment to the environment on Earth Day by
celebrating the achievements of FCM's Green Municipal Fund (GMF).
"GMF is an excellent way for all municipalities to access low-interest
loans and grants that will help them invest in their local sustainable
infrastructure projects," said Perrault. "Over the last nine years, the
financing and knowledge provided by the Fund has supported the development of
communities that are more environmentally, socially and economically
To date, GMF has committed more than $375 million to support nearly 700
sustainable community plans, feasibility studies, field tests and capital
projects. GMF-funded initiatives are estimated to have reduced greenhouse gas
emissions in Canada by over 1.4 million tonnes.
These initiatives also have the potential to leverage almost $2.2 billion
of economic activity in nearly 350 communities across Canada.
GMF grants are available for sustainable community plans, feasibility
studies and field tests, while a combination of grants and loans are available
for capital projects. For municipal governments, GMF offers loan interest
rates 1.5 per cent lower than the Government of Canada bond rate for the
equivalent term. Funding is allocated in five sectors of municipal activity:
brownfields, energy, transportation, waste and water. More information on the
types of initiatives funded by GMF is available at www.fcm.ca/gmf.
"On behalf of FCM, I would like to congratulate all of the municipalities
and all of their community partners involved in these important initiatives
for their foresight and dedication to sustainable development," said Perrault.
The Government of Canada endowed the Federation of Canadian
Municipalities (FCM) with $550 million to establish the Green Municipal
Fund(TM) (GMF). The Fund provides below-market loans and grants, as well as
education and training services to support municipal initiatives that improve
air, water and soil quality, and protect the climate.
FCM has been the national voice of municipal governments since 1901. It
fosters sustainable communities enjoying a high quality of life by promoting
strong, effective, and accountable municipal government.
For further information:
For further information: Federation of Canadian Municipalities: Maurice
Gingues, Media Relations Officer, Federation of Canadian Municipalities, (613)
907-6395, Fax: (613) 244-1515, email@example.com www.fcm.ca; Green Municipal
Fund: Dave Weatherall, Communications Officer, Green Municipal Fund,
Federation of Canadian Municipalities, (613) 907-6292, Fax: (613) 244-1515,