Federal Government is Failing to Deliver Infrastructure Investment
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A new Report Issued by the Residential Civil Construction alliance of Ontario (RCCAO) concludes that both federal and provincial investment in Ontario infrastructure has declined to a point where it is jeopardizing our future economic disparity.
In particular, the federal government has dragged its feet on delivering on its commitments.
The independent report called "Infrastructure Update 2018 Ontario Infrastructure Investment - Federal and Provincial Risks & Rewards” found that investment peaked in 2010 at 4.2% of Ontario’s GDP and has fallen to 2.8% in 2017. It recommends government increase investment to 5.4% of GPD in order to maximize Ontario’s economic growth. For 2017, only 2.8% of Ontario’s, and .4% of the federal government’s GDP was invested.
The Study claims that costs are being absorbed by the economy as result of a transportation system that is not able to deal with traffic and congestion. As a result, it has cost Ontario billions of dollars in lost productivity.
See also RCCAO Press Release “Federal government failing Ontario, says infrastructure advocate”
See also "Investing in Infrastructure" by Rachael Williams, NRU Publishing Inc.
