Provinces need a reliable infrastructure partner federally. But Stephen Harper has chopped his Building Canada Fund by 87% . Fewer than half a dozen new projects across the whole country have been announced so far in 2014 under the New Building Canada Fund. The summer construction season has been lost. The provinces are having great difficulty concluding overall agreements with Harper government to govern these projects. Access to the fund is slow, complicated. New rules limit ways municipalities can use available dollars. No firm amount of the Building Canada Fund is earmarked for municipalities. They are forced to compete against other government entities, like universities. The federal stall on infrastructure is strange since the federal Finance department says such investment are the most cost-effective way to drive jobs and growth + Statistics Canada says our best productivity growth comes when our infrastructure investments are highest + Former Bank of Canada Governor David Dodge says failing to invest now in infrastructure is foolish fiscal policy since interest rates are rock bottom. cp24/news/premier-wynne-pushes-feds-for-more-infrastructure-money-1.1948111
Posted on: Wed, 06 Aug 2014 14:41:32 +0000
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