March 25, 2009 - Ontario's infrastructure will get a $32.5
billion boost over the next two years, improving the roads, schools, and public
transit, says the McGuinty Government in announcing the latest infrastructure investment
package.
“The investment will create
and support more than 300,000 jobs and make significant long-term improvements
to transportation, health care, and education infrastructure. Building
infrastructure is an important part of the government's plan to stimulate the
economy. Right now, Ontario
has hundreds of infrastructure projects underway, including more than 40
hospital construction projects.”
QUICK FACTS
- Ontario will spend $27.5
billion over the next two years. Through their budget, the federal
government is contributing $5 billion, bringing the total investment to
$32.5 billion - the largest two-year investment ever in Ontario’s infrastructure.
- Transportation
projects will receive the most funding over the next two years, at $9
billion, followed by health care at $7 billion, and education at $4
billion, creating and supporting an estimated 146,000 jobs in 2009-10 and
168,000 jobs in 2010-11.
- Ontario invested $18
billion in infrastructure over the past two years, creating and sustaining
more than 85,000 jobs in 2007-08 and 100,000 jobs in 2008-09.
Ontario
will invest $27.5 billion over the next two years on infrastructure projects.
Through their budget, the federal government is contributing $5 billion,
bringing the total investment to $32.5 billion - the largest two-year
investment ever in Ontario's
infrastructure.
The total infrastructure
expenditure for 2009-10 is $12.705 billion of which Transportation sector will
receive $4.228 billion. For 2010-11, the total infrastructure
expenditure is $14.761 billion of which the Transportation sector will receive $4.814 billion.
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