Capital Budget 2027-2028 prioritizes needs to build a strong foundation for tomorrow
Today, Minister of Finance and Affordability Jill Burridge presented the Government of Prince Edward Island’s 2027-28 Capital Budget, a five-year $1.34 billion capital plan, to the Legislative Assembly.
“Prince Edward Island today is not the same PEI it was ten or twenty years ago, and Islanders’ expectations of government have evolved too. To deliver the services Islanders expect, we have to close the infrastructure gaps that remain. Today’s budget does that by focusing our capital investments where the needs are most pressing.”
- Premier of Prince Edward Island Rob Lantz
The 2027-28 Capital Budget reduces five-year planned spending by $289 million from last year’s plan. Major projects are nearing completion, construction is paced to reflect the realities of a competitive construction market, and government is balancing investments within its fiscal guardrails while protecting essential healthcare and education services.
“Our five-year capital plan is focused on getting the basics right by building the strong foundation Prince Edward Island needs to go into the future. We need healthcare and education systems that work for Islanders. That’s why nearly 60% of our five-year plan is dedicated to these essential services; we are taking care of what we already have, renewing aging infrastructure, and building new where it is needed,” said Minister of Finance and Affordability Jill Burridge. “We are going to do this responsibly, spending what we can at a pace we can afford, because this is what Islanders depend on us to do.”
Close to 60% of the Capital Budget plan presented today is dedicated to maintaining healthcare services and public education for Islanders by focusing investments in maintaining and repairing existing assets and infrastructure, and strategically investing in new projects to align with population growth and service demands.
Five-year highlights of the Capital Budget include:
A safe and reliable healthcare system - $418 million
- Three Rivers Health Campus that delivers modern care for Eastern PEI - $113 million
- Mental health campus completion - $69 million
- QEH critical systems for boilers, chillers, and generators - $40 million
- Modernizing access to healthcare information - $20 million
- With the support of PCH and QEH foundations ($33 million), replacing and renewing critical healthcare equipment and repairing facilities - $98 million
- Expanding public long-term care - $16 million
- Increasing access to primary care - $19 million
Taking care of our schools and building where needed - $380 million
- New Summerside school - $80 million
- Completing and renewing high schools - $23 million
- Expanding and new intermediate schools - $58 million
- Renovating and new elementary schools - $62 million
- Strengthening French language education - $69 million
- School Revitalization Fund and capital repairs - $33 million
- Safe Rides to School - $23 million
- Classroom Technology - $20 million
Connecting communities and strengthening the economy - $370 million
- Rehabilitating and improving roads, bridges, and highways - $285 million
- Protecting our land and shorelines - $15 million
- Heavy equipment and fleet renewal - $27 million
- Boosting economic infrastructure - $15 million
Continuing housing progress - $60 million
- Taking care of existing public housing - $25 million
- More social housing and infrastructure - $26 million
- Residential group homes for youth - $5 million
For more information on the 2027-28 Capital Budget, visit PrinceEdwardIsland.ca/Capital-Budget.
Media contact:
Sydney Gallant
Office of the Premier
[email protected]
Vicki Tse
Department of Finance and Affordability
[email protected]