01/26/2009

In advance of the January 27, 2009 Federal Budget, Federal Transport and Infrastructure Minister John Baird announced substantial new federal infrastructure funding.
Background:

The announcement included:
 

  • A new $4 billion Infrastructure Stimulus Fund for provincial, territorial and municipal government infrastructure, including roads, clean water systems and public transit;
  • $2 billion for colleges and universities; and 
  • $1 billion Green Infrastructure Fund for sustainable energy infrastructure.
Additional federal investment in infrastructure will help Ontario municipalities get on with priority infrastructure projects and it will provide an important boost to the economy and job creation.

This announcement builds on news on January 24th, when Federal Human Resources and Skills Development Minister Diane Finlay is reported to have announced $2 billion in funding for social housing – a much needed injection of funding for Ontario municipalities struggling with the rising costs and increasing demand for social housing in their communities.

AMO has advocated strongly for additional federal investment in municipal infrastructure to assist Ontario municipalities with a massive municipal infrastructure deficit. Through the Provincial-Municipal Fiscal and Service Delivery, AMO, The Province of Ontario and the City of Toronto quantified Ontario’s municipal infrastructure deficit at $6 billion a year for the next 10 years. 

Today’s announcement named funding for roads, water systems, public transit, “and other critical infrastructure”. Few details were made available. Additional detail is expected in the January 27th Federal Budget or soon afterwards.

Action:

AMO will ensure that members have further details as they become available and will continue to advocate with the Province to encourage the Government of Ontario to match new federal commitments.