/ Financial / Canada’s Liberal Party Puts Forth 10-Year Infrastructure Spending Plan

Canada’s Liberal Party Puts Forth 10-Year Infrastructure Spending Plan

Matt Ball on March 28, 2016 - in Financial, Planning

Canada’s Liberal Party, led by new Prime Minister Justin Trudeau, unveiled an infrastructure spending plan in their proposed budget. The spending is part of a proposed 10-year plan that focuses on infrastructure as a means to boost a sluggish economy. The initial phase is focused on green infrastructure, transit and affordable housing.

The Federation of Canadian Municipalities (FCM) applauded the federal government’s 2016 budget which stands to transform the way we build cities and communities and marks a new era of federal-municipal partnership.

Municipalities will continue to play a key role in climate protection thanks to new investments in green infrastructure, promoting the development of resilient and low-carbon cities and communities. In addition, a new capital investment of $125 million in FCM’s Green Municipal Fund (GMF) will expand the municipal’s sector contribution to reducing greenhouse gas emissions while ensuring environmental sustainability efforts for years to come. The GMF recapitalization, along with the additional $75 million in funding for FCM’s climate change program recently announced by the federal government, will allow local communities to continue developing innovative green solutions.

FCM welcomes new $50-million funding for infrastructure management and measurement, and the leadership role it’s being asked to play. With municipalities responsible for 60 per cent of Canada’s infrastructure, the time has come to collect comprehensive data on the condition of infrastructure to inform decision making in the future. FCM will work with key stakeholders to set up an infrastructure data and asset management capacity building program.

Engineers Canada is pleased to see the federal government’s commitment to building resilient and sustainable infrastructure, improving water distribution and treatment and investing in First Nations communities.

“This budget represents an investment in a vision of Canada that is built on a strong foundation of science, creativity, and innovation,” said Engineers Canada Chief Executive Officer Kim Allen, FEC, P.Eng., FCAE, MBA. “Canada’s 280,000 professional engineers are ready and willing to help achieve these ambitious goals.”

Engineers Canada is pleased to see the federal government’s commitment to building resilient and sustainable infrastructure, improving water distribution and treatment and investing in First Nations communities.

“This budget represents an investment in a vision of Canada that is built on a strong foundation of science, creativity, and innovation,” said Engineers Canada Chief Executive Officer Kim Allen, FEC, P.Eng., FCAE, MBA. “Canada’s 280,000 professional engineers are ready and willing to help achieve these ambitious goals.”

The PIEVC Protocol—which has been applied more than 40 times in Canada and globally—is a robust, structured and documented process for engineers, planners and decision-makers to identify and recommend measures to address the vulnerabilities and risks from climate change on infrastructure. The Protocol assessment helps infrastructure owners and managers justify design, operations and maintenance recommendations to assure their project’s life cycle through improved resilience to extreme weather events and our changing climate.

A federally-backed Canada Infrastructure Bank (CIB) that would make it easier and more affordable for municipal and provincial governments to finance capital projects was a key election promise.

The broad structure of the Canada Infrastructure Bank was laid out in the Liberal party’s election platform.

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