The federal and provincial governments are investing a total of $7.9 million to extend the Fundy Trail Parkway, east of St. Martins.
The funding will be used for the construction, engineering and geotechnical testing associated with the next phase of development from the Long Beach Brook escarpment eastward along Tufts Point Plateau.
"Investing in leading tourism experiences such as the Fundy Trail Parkway is an important part of our government's plan to rebuild New Brunswick's economy," Premier David Alward said in a statement.
'This investment will enable the Fundy Trail Parkway to offer visitors an even better experience once this phase of development is completed.' —Premier David Alward
"This investment will enable the Fundy Trail Parkway to offer visitors an even better experience once this phase of development is completed," he said.
The Fundy Trail is a seasonal, multi-use coastal access network that includes a low-speed auto parkway with scenic outlooks a pedestrian and cycling path, footpaths to beaches and river estuaries, as well as an interpretive centre.
The parkway is currently 16 kilometres, but plans call for another estimated 19 kilometres.
Once completed, the trail is expected to contribute $32.5 million annually to the tourism sector and create 750 jobs, according to Harley Tingley, president of the Fundy Trail Development Authority Inc.
Fundy Royal MP Rob Moore said the project aligns with the federal government's priorities — "jobs growth and long-term prosperity for Canadians."
"By improving our unique attractions and our industry's competitiveness, we are helping to keep the economy strong and are producing results for the people of New Brunswick," said Moore, who was appearing on behalf of Gail Shea, the minister of the Atlantic Canada Opportunities Agency.
ACOA is contributing more than $4.1 million, while the provincial government is providing nearly $3.8 million.
The Fundy Trail opened in 1998.