Urban Fold

Canada's New Budget to Boost Infrastructure?

With the fate of Canada's conservative government at stake, details are leaking regarding the proposed federal budget, including billions of dollars in new infrastructure spending.

"The [Conservative government of Prime Minister Stephen Harper] is creating a new $4-billion Infrastructure Stimulus Fund in tomorrow's budget to help provinces, territories and municipalities get more job-rich public works projects started, Transport Minister John Baird announced today.

[T]he new $4-billion infrastructure fund's money would be for projects that take place over the next two years. The $7-billion in new infrastructure funding also includes a $2-billion fund to support repairs and maintenance and accelerated construction at colleges and universities across Canada, and a $1-billion Green Infrastructure Fund.

The provinces have put forward hundreds of ideas for how to spend the multibillions the government plans to make available for roads, bridges, water-treatment plants, broadband initiatives and the like."

Full Story: Tories to pump $7-billion into public works

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