Newfoundland and Labrador will spend a whopping $1 billion in the coming year building and repairing its infrastructure.

Finance Minister Tom Marshall, who unveiled details of the 2010 budget on Monday at Confederation Building, said the program includes work on six new ferries, five of which will work on the south coast of Newfoundland. The sixth will be based in southern Labrador.

Schools, hospitals, roads and almost every part of the provincial government will receive at least some money from the infrastructure fund, which the governing Progressive Conservatives say is critical for getting through the global recession.

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Posted by mopeng at March 29, 2010 1:27 AM