Prime Minister Stephen Harper and Premier Philippe Couillard signed a renewed funding agreement today that will provide an estimated $5 billion over the next 10 years for public infrastructure and other projects in municipalities across Quebec.

The funds will come from the federal Gas Tax Fund and primarily benefit municipal infrastructure projects around Quebec.

Among other projects, the funds will go to public transit and the development of municipal drinking water and waste-water infrastructure.

Harper said money from the fund can also now be used for expanded purposes including tourism and amateur sports.

The Gas Tax Fund provides "predictable, stable and long-term funding" for municipalities across Canada, Harper said.

Couillard announced that Quebec would also contribute an additional $2.5 billion to the fund over the next 10 years.

"All Quebecers will benefit from this agreement," Couillard said. "These projects will improve their quality of life."

The federal money was already expected and today's announcement saw the two governments ratify the groundwork for its administration.

Quebec has already received approximately $4 billion for infrastructure development from the Gas Tax Fund since 2005.