The Trudeau government announced Friday it will auction off more than a dozen national heritage properties for more than $10.3 billion.
The sale, which will begin next month, is expected to bring in an estimated $2.6 billion in revenue, according to government estimates.
The government has spent billions on infrastructure and other investments in the country since taking office, but this is the largest auction in Canadian history.
It comes after a series of provincial and federal auctions, including a $1.4 billion deal last year to sell a string of historic sites.
Prime Minister Justin Trudeau and Premier Kathleen Wynne announced the new auction Friday morning in Calgary, where they also unveiled a new provincial heritage program.
The province will also auction off a fleet of 50 modern ships for $1 billion, while Ontario will bid on an old-school ship, the Royal Navy’s flagship, for $9.5 billion.
In the first auction in October, the government announced it would buy an abandoned mining facility for $750 million, but it also offered $100 million for a shipyard in Alberta that has been dormant for more of a decade.
Trudeau is aiming to turn the surplus of $3.2 billion it generated from the 2014 election campaign into an economic stimulus program, which the government plans to unveil in the fall.
“I want to take this opportunity to put this money into the hands of Canadians, to create jobs, and to build the country that we all know and love,” he said in Calgary.
Wynne and Trudeau are expected to unveil the final version of the federal economic stimulus package next week.