/ Financial / Canada Announces New Investments in Infrastructure

Canada Announces New Investments in Infrastructure

Matt Ball on November 26, 2014 - in Financial, Transportation

Building on the Government’s historic infrastructure investments, including under the New Building Canada Plan, Prime Minister Stephen Harper today announced new investments that will continue to build and renew infrastructure and on-reserve schools across the country. He was joined by Ed Holder, Minister of State (Science and Technology), Susan Truppe, Parliamentary Secretary for Status of Women and Member of Parliament for London North Centre, and Joe Preston, Member of Parliament for Elgin-Middlesex-London. While in London, Ontario, the Prime Minister also toured the National Research Council’s Factory of the Future Initiative facility, which will receive support through today’s announcement.

Today’s announcement is part of the Government’s unprecedented and historical investment in public infrastructure to ensure Canada’s future economic growth for years to come. The ability to invest this substantial amount in targeted infrastructure is a direct result of the Government’s responsible actions to return to fiscal balance.

The Government will invest in infrastructure across the country in areas such as heritage, First Nations education, defence, borders, research facilities, harbours, transportation, and search and rescue to create jobs from coast to coast to coast.

Quick Facts

  • Canada’s prosperity and quality of life depend on a vast network of public infrastructure – from roads and highways, to bridges, transit systems, water and wastewater infrastructure, ports, airports and recreational and cultural facilities. Investments in Canada’s public infrastructure improve productivity and quality of life, and create jobs, growth, and long-term prosperity from coast to coast to coast.
  • Today’s announcement builds on our Government’s unprecedented investments in infrastructure. In 2007, we announced the Building Canada Plan to provide support in stable, flexible and predictable funding for infrastructure across the country. Economic Action Plan 2013 builds on our Government’s historic infrastructure investments, with significant funding for public infrastructure over the next decade, including for the New Building Canada Plan for provincial, territorial and municipal infrastructure. The New Building Canada Plan is the largest and longest federal infrastructure investment in our nation’s history. It continues to focus on supporting projects that enhance economic growth, job creation and productivity.
  • The Government is also bringing forward major public-private partnership projects: a new Bridge for the St. Lawrence in Montreal to replace the ChamplainBridge and the Detroit River International Crossing between Windsor, Ontario and Detroit, Michigan.

“Our Government’s unprecedented investments in infrastructure, the most significant in our country’s history, have already yielded significant results for hard working Canadians and their families, ensuring the resilience of our economy and creating jobs. The new infrastructure support being announced today builds on the foundation necessary to promote future growth and prosperity in our great country, generating increased job opportunities, health and environmental benefits, and reduced commuting times. The investment will also help ensure that our cultural and natural heritage are preserved, promoted and enhanced.” – Prime Minister Stephen Harper

“We have the resources necessary to make this crucial investment in Canada’s future economic prosperity because of the bold measures our Government has taken to return to balanced budgets.” – Prime Minister Stephen Harper

– See more at: http://pm.gc.ca/eng/news/2014/11/24/pm-announces-new-infrastructure-investments-across-canada

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