TORONTO, June 5 /CNW/ - The Association of Municipalities of Ontario
(AMO) today welcomed news that a total of $3.4 billion in infrastructure
investment is now committed to specific municipal infrastructure projects
"Ontario's need for infrastructure investment is tremendous and our need
to create jobs and boost our economy is acute," said Peter Hume, President of
AMO. "All three orders of government understand this and we are all working
together to invest in Ontario's future prosperity."
The new investment is funded under two programs, and in each case, one
third of the investment is coming from each order of government - Federal,
Provincial and Municipal. It includes:
- $2.79 Billion that is made possible by the Federal Infrastructure
Stimulus Fund and matching dollars from the Ontario Government and
- $614 million under the Communities Component of the Federal
Government's Building Canada Fund, combined with matching dollars
from the Ontario Government and municipal governments.
In total, these investments are contributing to nearly 1,400 new capital
projects across Ontario.
"Municipalities recognize the need to put economic stimulus money to work
in the interest of job creation, essential infrastructure investment, and
improved competitiveness. Collectively, municipalities are contributing more
than a billion dollars to the effort. Across Ontario, construction season is
in full swing as municipalities take advantage of this opportunity to invest
in road and bridge work, and other types of capital projects."
A Joint Provincial-Municipal Fiscal and Service Delivery Review,
completed in October 2008, estimated that closing Ontario's infrastructure
deficit would require increased investment of $6 billion a year for the next
AMO is a non-profit organization representing almost all of Ontario's 444
municipal governments. AMO supports strong and effective municipal government
in Ontario and promotes the value of municipal government as a vital and
essential component of Ontario and Canada's political system.
For further information:
For further information: Pat Vanini, AMO Executive Director, (416)
971-9856, ext. 316 or (416) 729-4394; Brian Lambie, AMO Media Contact, (416)