Canada's construction news
The expected squeeze on the federal government’s desire and ability to fund public infrastructure has materialized, despite promises made last spring that it would unveil a new long-term, stable funding plan for infrastructure development after the $33-billion Investing in Canada Infrastructure Program reached its funding allocation cap.
For example, the estimated cost to upgrade Winnipeg’s North End Sewage Treatment Plant, which provides 70 per cent of the city’s wastewater treatment and was first commissioned almost 100 years ago, is expected to top $2.3 billion alone. To date, the federal government has committed $317 million towards the first two phases of the project.
Embracing innovative infrastructure procurement models that harness private capital and expertise is crucial. This is the only way a growing Canada can continue to build and bring public spending back in line, while ensuring infrastructure projects not only meet immediate needs but also offer long-term value to Canadians.
Our country’s private sector has an enviable reputation at home and abroad for designing, delivering, operating and maintaining a myriad of public infrastructure, including hospitals, highways, courthouses, bridges and schools. Our industry leaders are ready to partner with governments in continuing to invest in the country’s public infrastructure.
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