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Government of Alberta committed additional $45 million towards flood and drought protection

The government of Alberta has announced an investment of an additional $45 million towards funding flood and drought protection. The project was scheduled to wrap up by 2017, but now will expand over the course of the next four years.

The $45 million will be split between two programs: $31 million will go toward the Alberta Community Resilience Program (ACRP) and $14 million toward the Watershed Resiliency and Restoration Program (WRRP).

The added funding will help further enhance the two critical flood and drought protection programs to support the safety and protection of communities against the effects of severe weather.

Thus far, over $100 million has been invested to the resiliency projects through the ACRP. The money has gone towards flood barriers, erosion control, storm water management, safeguards for critical municipal water management infrastructure and other critical flood mitigation projects across the entire province.

If you have any further questions, make sure you speak to your broker or company agent.

Source: http://www.canadianunderwriter.ca/catastrophes/government-alberta-announces-additional-45-million-flood-drought-protection-1004105577/