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Canada’s Economic Action Plan 2015: Investing in Infrastructure

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Published on June 10, 2015 with No Comments

Our Conservative Government recently tabled Canada’s Economic Action Plan 2015: a low-tax plan that will help to create jobs, spur economic growth, and ensure long-term prosperity for all Canadians. It’s a budget that focuses on the priorities of hard-working Canadian families.
It’s also the budget that returns us to balance.
With a surplus comes the opportunity to invest in important priorities. Economic Action Plan 2015 introduces measures to lower taxes, while making an historic investment in the public transit fund to reduce gridlock in cities across Canada including here in Brampton.
In 2007, we launched the $33 billion Building Canada Plan – the first long-term, stable and predictable federal plan to provide funding to municipalities, provinces, and territories to support their infrastructure priorities. Just last year, we launched the New Building Canada Plan – a 10-year, $53 billion plan that will build even more infrastructure and create jobs for Canadians.
Because of our Conservative Government, annual support for infrastructure has increased from $571 million in 2003-04 to an estimated $4.85 billion in 2014-15. The average age of core public infrastructure is decreasing, to its lowest level since data was first collected in 1961.Economic Action Plan 2015 proposes to invest even more in public infrastructure.
It includes $750 million over two years for a new Public Transit Fund. Canadian cities depend on transit for their development. Large cities rely on transit to get people to work, students to class, and ordinary families out in their communities. To cut congestion and break gridlock, this new and innovative fund will help build new transit infrastructure in a way that works for taxpayers and commuters.
The Government also announced a $5.8 billion investment to renew federal infrastructure assets and on-reserve schools.
The unprecedented nature of our investments should make clear to all Canadians that our Government is committed to building better communities by building better infrastructure, from coast to coast to coast

 

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