(Finance Minister Carole James/BC Gov News)

B.C’s provincial government is committing an additional $1 billion in spending to aid restart plans for local governments and transit services impacted by COVID-19.

The funding is conditional on matching federal contributions under a 50/50 cost-sharing structure.

“This new funding will secure B.C.’s share of the federal government’s $19-billion Safe Restart program and ensure people have access to the critical services they need in their communities,” said Premier John Horgan in a statement on Wednesday.

The province says the funding will help with revenue shortfalls due to COVID-19 and maintain the stability of transit systems and local government services.

The federal government announced the Safe Restart Agreement on July 16, through which they will provide $19 billion to provinces and territories as many begin loosening restrictions.

The $1 billion in funding towards B.C. is based on estimates introduced by Finance Minister Carole James in the B.C. legislature, depending on the outcome of federal cost-sharing discussions.

The province applauded the federal government for being a “reliable partner” during the COVID-19 pandemic and said the funding commitment will help support efforts to restart the provincial economy.

Stay in the loop! Get Victoria Buzz news, events and more directly to your inbox. Every day.