Capital budget to include 150 building projects
Nova Scotia's capital budget for fiscal 2012-13 will fund some 150 capital projects including new schools, hospital renovations and highway work, a government source said Thursday.
The source, who spoke on condition of anonymity, said the capital budget to be announced Friday would be higher than last year's, but wouldn't approach the previous year's budget during which federal stimulus funds were included.
Stimulus money was also included in last year's capital budget, although it was less because Ottawa's program was winding down.
The source said the provincial government expects the projects to generate 4,500 direct jobs and another 3,100 indirect jobs.
"Some of this we've announced over the course of the last few weeks," the source said.
The projects include a new junior high school in Liverpool and new high schools in Yarmouth and the Halifax suburb of Bedford.
Last December, the government announced $560 million in capital spending for fiscal 2011-12, down from $711 million in the 2010-11 budget.
The Finance Department said at the time that typically, capital spending prior to the federal help ranged from $300 million to $400 million.
Finance Minister Graham Steele will announce the 2012-13 capital plan on Friday.