In the news
B.C. could gain from strategic infrastructure spending by Trudeau
The Province, February 4, 2016
As the new federal government prepares to table its first budget, it will be important to establish a process that prioritizes infrastructure spending based on things like national interest, need and return-on-investment, says Naomi Christensen, policy analyst with the Canada West Foundation.
Christensen uses the Asia Pacific Gateway and Corridor Initiative (APGCI) as an example of a collaborative planning endeavour that resulted in hundreds of millions of dollars in private-sector investment beyond the federal and provincial funding for trade-enabling infrastructure. The result was a combined investment of $7.5 billion since 2008 in port, road, rail and border infrastructure to improve the supply chain linking Western Canada to Asia.
“[Future] investments need to be strategic because investments in infrastructure that helps move goods will contribute to economic growth,” Christensen writes. “It also provides an incentive for private actors to make investments.” Read more.See All News
Share this story: