Vancouver, June 19 -- Canada and British Columbia unveiled a more than C$5 billion ($3.7 billion) infrastructure partnership on Thursday aimed at accelerating home construction, expanding health-care facilities and improving public transit across the province.

Prime Minister Mark Carney and British Columbia Premier David Eby announced the 10-year agreement in Vancouver in a statement, describing it as part of broader efforts to address housing affordability and infrastructure pressures amid population growth.

The federal government said the measure could lower development charges by up to 50% in priority communities, reducing costs by as much as C$40,000 per housing unit.

The two governments also launched a partnership between Build Ca...