The federal Conservative government is following initiatives created under the Liberal watch by signing the Building Canada agreement with the territory and extending the length of the gasoline tax fund, says the Yukon's Liberal MP.

"I'm very happy," Larry Bagnell said Monday afternoon following the signing of the agreement at the territorial government's main administration building.

While the Liberal opposition has lobbied for the initiatives announced, Bagnell said he remains concerned there was no specific amount indicated as to how much each municipality and first nation will receive.

"They don't know how much they're getting," he said, noting the Liberal opposition in Ottawa will continue looking for more specific details.

"It could be very good news or it could not," he said.

Gordon O'Connor, the federal Minister of National Revenue, was on-hand for the signing on behalf of Transport Minister Lawrence Cannon.

Premier and Finance Minister Dennis Fentie and Community Services Minister Glenn Hart were also there.

Similar agreements have been signed with other jurisdictions.

The pact is worth just under $243 million between now and 2014.

That's calculated from the $25 million being made available to the territory each year under the base funding that's available to each province and territory, and another $60 million set to go to the communities throughout the territory through the federal gas tax fund, which has now been extended to 2014.

"Our government recognizes the unique challenges in Canada's North," O'Connor, a former national defence minister, said during Monday's press conference.

The agreement allows for flexibility in how each province and territory decides to spend the cash from the country's long-term infrastructure fund, he explained.

By investing in infrastructure for the territory, the economy will benefit, O'Connor noted.

The fund also recognizes the needs of first nations with funding available both to large- and small-scale projects, he stressed.

Just what initiatives the money will go to though is still unknown.

Asked about specific projects such as the Dawson City sewage lagoon, Fentie said the territory will first plan for long-term infrastructure before using any of the funds for projects.

"This plan will make a real difference," Fentie said, though he did not set a date for when the plan would be complete.

With a 75/25 cost-share in place, the federal government will spend $3 for every $1 the territory puts in for approved projects.

While Fentie focused on the Build Canada fund, Hart said he is pleased the gas tax fund, which goes to municipalities for infrastructure work, will be extended from its original date in 2010 until 2014, when it is then set to become permanent.

The announcement of the gas tax fund being extended came with the announcement that nine projects in Whitehorse have been approved for funding under the initiative.

Money is made available from the fund for environmentally-sustainable initiatives that lead to a reduction in greenhouse gas emissions or clean air or water.

In total, the city's latest projects to be approved for gas tax funding for a total of $16.2 million include:

-Porter Creek reservoir upgrade at $4 million;

-Selkirk well development at $3.4 million;

-public safety building upgrade to meet Leadership in Engineering and Environmental Design (LEED) standards at $3 million;

-compost program improvements at $2.5 million;

-Livingstone Trail Lagoon Outfall pipe work at $2.3 million;

-sidewalk upgrades at $550,000;

-bike racks and lockers work at $150,000;

-development of lagoon monitoring wells at $90,000; and

-water sampling station work at $75,000.

"This is welcomed news," Mayor Bev Buckway said following the announcement.

Each project is already slated on the city's books to start.

The approval means the work will now go ahead for each, from improving pedestrian access through the sidewalk upgrades to moving forward on investigating the possibility of using well water rather than surface water as the city's primary water source.