The Conference Board of Canada suggests that to keep up with our competitors, the country needs to increase its current level of public infrastructure investment, which is 3.6% of GDP. Currently, the costs of public infrastructure across Canada are borne disproportionately by provinces, territories and their municipal partners, compared to the federal government. Premiers call on the federal government to make infrastructure a priority for new investment, with increased funding to provinces and territories to support the construction or maintenance of key infrastructure which is integral to economic development. They further urged the federal government to work with provinces and territories to set an infrastructure investment target for Canada that supports economic growth and innovation, and respects the priorities and particular contexts of each province and territory.
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Contact:
Heather MacLean
Director of Communications
Office of the Premier
Government of Newfoundland and Labrador
(709) 729-3581
[email protected]