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Investment focuses on renewable energy and building efficiency, but concerns are raised over lack of core infrastructure and oil and gas spending; wage subsidy program is extended
The consortium, led by global infrastructure owner-developer John Laing Investments Ltd., will design, build and finance the new 18-km, 19-stop light rail transit line.
Even as Canada’s government boosted national infrastructure spending by 11% from 2015 to 2017 and launched the Canada Infrastructure Bank to attract and funnel private-sector project dollars, private investment declined 18% in the same period, says a report by a think tank at Ontario’s Western University.
A shrinking budget deficit is usually good news, but a drop in federal debt in Canada is raising concerns over delays in government efforts to funnel infrastructure money into projects.
Major delays in a pair of multibillion-dollar bridge proposals have handed Canada’s Trudeau government a setback as it pushes to get marquee infrastructure projects moving to boost the economy.