TORONTO, Aug. 25 /CNW/ - The Toronto Board of Trade is very pleased to
see that Premier McGuinty is living up to his commitment to divert a
percentage of unexpected surplus revenues to Ontario's ever-increasing
Today's announcement of $1.1billion for infrastructure in Ontario -
$238million of which is earmarked for Toronto - is a strong stimulus to help
Ontario's economy through uncertain times.
"The Board of Trade is pleased to see the provincial government
continuing to recognize the importance of investing in municipal
infrastructure as a driver for economic development," said Carol Wilding,
President and CEO of the Board.
"In fact, having a strong infrastructure network is critical to a city's
economic growth," Wilding added. "From roads to public transit, from water
mains to electricity, Toronto faces a mounting infrastructure backlog."
Strengthening infrastructure has consistently been cited as the number
one priority by the Toronto Board of Trade's members, and this investment will
certainly be welcome news.
The Toronto Board of Trade is committed to contributing directly to the
success of it members. With a rich, 163-year history and an innovative vision
for the future of our city, the Board of Trade works with all levels of
government to help the Toronto region achieve its full potential economically,
socially and culturally. Nearly 10,000 corporate and individual members
represent businesses of all sizes in virtually all sectors, operating
throughout the region. For more information, visit www.bot.com.
For further information:
For further information: Andrea Ritter, Director, Communications,
Toronto Board of Trade, 1 First Canadian Place, PO Box 60, Toronto, ON, M5X
1C1, Phone: (416) 862-4507, Fax: (416) 366-5620, Web: http://www.bot.com