Roads & Paving
Ontario unveils plan for new infrastructure fund
April 26, 2013 By Aggregates and Roadbuilding
April 26, 2013, Ont. – The new Ontario government plans to create a fund of $100 million for
2013 to 2014, to help small, rural and Northern municipalities build
roads, bridges and other critical infrastructure.
This would also help support the local economy and construction jobs across Ontario.
The government recognizes the unique needs of these communities and the importance of high quality infrastructure in all areas of the province.
"This fund would help small, rural and Northern communities build the infrastructure they need, while creating jobs and building our economic prosperity," said Kathleen Wynne, Premier of Ontario.
This investment would be the first step of a comprehensive transportation plan for rural and Northern Ontario. Making sure every part of the province can move with ease is part of the government's plan to create jobs and build a prosperous and fair Ontario.
- The new fund would be available by October 1, 2013.
- The province will consult on the components of a permanent program for roads, bridges and critical infrastructure investments in small, rural and Northern municipalities.
- The government recognizes the importance of infrastructure and has invested approximately $85 billion in public infrastructure since 2003.
- The Conference Board of Canada recently found that each $100 million of public infrastructure investment in Ontario boosts GDP by $114 million, particularly in the construction and manufacturing sectors.
- The 2013 Budget will be presented to the Ontario Legislative Assembly on Thursday.
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