The additional spending comes from the federal gas tax fund, and would double the federal government’s regular funding for municipalities.

Three major engineering companies— Architecture49, HOK and WSP—will work together to modernize and design new science facilities for the federal government in cities across Ontario over the next five years.

The budget issued by the Progressive Conservative government on Wednesday projects a deficit of $33.1 billion for the year, with the province saying it will take until 2029 to balance the books.

Construction workers could start to receive their COVID-19 vaccines in June after a classification of essential workers who cannot work from home was expanded to include construction.

Under the agreement, CPP Investments will contribute up to $350 million, while Tricon will provide up to $150 million.