Premier Wade MacLauchlan has announced that his government has made a formal application to the federal government’s Build Canada Fund to begin the $65 million Cornwall bypass project this summer, The Guardian reports.
The proposed new highway, coming from New Haven, would cut across the Baltic Rd. and Bannockburn Rd. to Clyde River Rd., across Cornwall Rd., rejoining the Trans-Canada Highway through a roundabout at the intersection of Warren Grove Rd. The province says the new highway will be three minutes shorter than the current route through Cornwall.
The cost will be shared 50-50 by the P.E.I. and federal governments. The premier said the province’s $32.5 million share will come out of next year’s capital budget.
“It would be (spread) over three years and it would come out of our capital budgets,’’ MacLauchlan told The Guardian following the news conference. “We’ll be bringing forward a new capital budget in the fall.’’