Residents of three communities on Cape Sable Island will benefit from improved wastewater treatment thanks to a shared investment by the governments of Canada and Nova Scotia. The improvements in Newellton, Centreville and North East Point are being funded under the Communities Component of the Building Canada plan. The $4.2 million investment was announced today, March 31, in Centreville by Chris d’Entremont, Minister of Health, on behalf of Jamie Muir, Minister of Service Nova Scotia and Municipal Relations, and by Gerald Keddy, parliamentary secretary to the Minister of the Atlantic Canada Opportunities Agency, on behalf of Lawrence Cannon, Minister of Transport, Infrastructure and Communities. “This project we are announcing today is a tangible result of the partnerships between our government and communities,” said Mr. d’Entremont. “By investing in projects like this, we are making an investment in a prosperous and greener future for Nova Scotia.” “This project reflects our government’s commitment to vibrant and strong communities in Nova Scotia and across Canada,” said Mr. Keddy. “This investment on Cape Sable Island, through the Building Canada plan, reflects our commitment to improving infrastructure and providing a cleaner environment in communities both large and small.” The government of Canada, the province of Nova Scotia and the municipality of Barrington are each contributing $2.1 million for the design and construction of a new water collection and treatment system for the communities. The project will mean about 375 households and 14 businesses will no longer depend on aging on-site sewage disposal systems. Their wastewater will be collected and treated at a state-of-the-art wastewater treatment facility. “It is great to get the go-ahead on this important project,” said Louise Halliday, warden of the municipality of the District of Barrington. “Delivering efficient wastewater services to the residents of Cape Sable Island is our number one priority.” In November the governments of Canada and Nova Scotia signed a framework agreement under Building Canada, which is the government of Canada’s $33 billion infrastructure plan that will support a growing economy, a cleaner environment and stronger communities. Through the framework agreement, the government of Canada is committing to a new investment of more than $634 million towards infrastructure needs in the province by 2014. Under the Communities Component of the Building Canada fund, the federal, provincial and municipal governments anticipate investing $111 million in infrastructure projects in communities of less than 100,000 across Nova Scotia by 2014.
However, the credit market is now remarkably different and SMMT believes that the current voluntary termination provisions are no longer necessary and play no effective role in consumer protection law. The voluntary termination provisions are taken from an old piece of legislation which was set up to protect the consumer from unfair contract terms. The Consumer Credit Act 1974 permits a customer who has purchased goods on hire purchase or conditional sale agreements to hand back the goods to the finance company, without further liability, providing that 50 per cent of the total amount has been paid. Responding to a DTI consultation on voluntary terminations of hire purchase and conditional sale agreements, SMMT has called for a level playing field for all forms of lending and a system which offers more protection for vulnerable consumers. SMMT strongly recommends an end to voluntary termination provisions, calling the credit rules outdated and open to abuse. A major review of consumer credit legislation, undertaken by DTI, will change the framework within which voluntary terminations operate and provide more explicit and effective consumer protection. These measures include greater transparency in advertising, agreements and in the provision of information, as well as to make early settlements fairer. It also stipulates a reform in the licensing regime and enforcement powers of the OFT and an improvement in consumer redress by introducing an alternative dispute resolution mechanism. In addition, as the number of voluntary terminations increase, the residual values of all vehicles decreases, reducing vehicle equity for all owners. The abuse of the current voluntary termination costs the industry around £80 million which has subsequently increased the cost of providing this type of finance to the consumer. In response to the consultation, Christopher Macgowan, chief executive of SMMT said, ‘ The do nothing option in the DTI’s consultation is not feasible in a modern, fair and efficient credit market. To increase the remaining recovery amount to 75 per cent is merely replacing one set of arbitrary values with another. The removal of voluntary termination provisions is the only solution with viable benefits to the consumer and the industry.’ Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) read more