The City of Montréal has unveiled two new programs totaling $ 118.6 million to rehabilitate contaminated land and stimulate sustainable real estate investments.
The implementation of these programs is made possible thanks to financial contributions from the Québec government granted to the City of Montreal.
- The Programme de subvention relatif à la réhabilitation de terrains contaminés (Land decontamination subsidy) benefit for $ 75-million contribution from the Ministère de l’Environnement et de la Lutte contre les changements climatiques (MELCC). It targets two categories of projects: municipal and private projects (industrial, commercial, residential, institutional) until the end of 2022;
- The Programme Accélérer l’investissement durable (Program Accelerate Sustainable Investment), component Sustainable Industrial Buildings, funded by Ministère de l’Économie et de l’Innovation (MEI), provide $43.6 million until 2030 for construction, expansion, renovation or reconstruction projects that will meet high standards of sustainable development.
Both programs are concrete achievements of the Bâtir Montréal action plan (in french) of the Economic Development Strategy 2018-2022 (in French). They aim to support sustainable investment projects in economic clusters by focusing on sectors with high potential, to better integrate the concept of sustainable development into the economic development of the territory and to accelerate the growth of the manufacturing sector initiated on the city in a more innovative form.
- Ville de Montréal