FCM Fact Sheet - Online Calculator Shows Economic Benefits of Infrastructure Investment



    OTTAWA, Oct. 6 /CNW Telbec/ - Visit FCM's Online Infrastructure
Calculator, which allows you to see the economic benefits of specific
investments in public transit, roads, bridges, water and sewer systems.
    Just enter the cost of any project and find out how many jobs it creates,
how much it boosts economic growth, and the new tax revenues it generates for
each order of government (municipal, provincial/territorial and federal).
    You can access the calculator at: http://fcm.ca/en/infrastructure

    
    Infrastructure Spending: A Recession Fighter
    --------------------------------------------

    - Each $1 billion invested in new infrastructure creates more than
      11,000 jobs, including 5,500 new jobs in the construction sector.

    - Last year, local infrastructure investments employed 190,000 Canadians
      and contributed 2.1 per cent of the national GDP.

    - For each dollar they invest, federal and provincial/territorial
      governments receive a total of 35 cents in increased income and sales
      tax revenues and related savings.

    Longer-Term Benefits
    --------------------

    - Accelerated infrastructure investments not only create economic
      stimulus, but improve roads, bridges and other infrastructure vital to
      economic performance.

    - Traffic congestion alone costs the Canadian economy $3.7 billion per
      year in delays.

    - A $1 investment in public infrastructure generates approximately
      17 cents in private sector cost savings.

    Building Canada Plan (BCP)
    --------------------------

    - This federal $33-billion plan will create more than 360,000 jobs over
      the next seven years, or an average of 51,000 jobs per year.

    - According to the FCM Infrastructure Calculator, one year of BCP
      investments would offset 70 per cent of manufacturing jobs lost
      in 2007.

    - Since 2005 the federal Gas Tax Fund alone has created more than
      33,000 jobs and will create an average of more than 22,000 jobs per
      year starting in 2009-2010.
    

    To access the FCM Infrastructure Calculator, visit:
http://fcm.ca/en/infrastructure




For further information:

For further information: Maurice Gingues, (613) 907-6395,
mgingues@fcm.ca

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Federation of Canadian Municipalities

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