TORONTO, Nov. 7, 2013 /CNW/ - The Honourable Lisa Raitt, Minister of
Transport today confirmed how Canadian municipalities stand to benefit
from the Government of Canada's new infrastructure investments and its
commitment to public-private partnership financing arrangements, at the
21st Annual Canadian Council for Public-Private Partnerships Conference.
"Our government is pleased to provide support to Canadian infrastructure
priorities by encouraging the use of public-private partnership
financing arrangements," said Minister Raitt. "In our 2013 Economic
Action Plan, we delivered a record investment in infrastructure funding
— the longest and largest commitment in Canadian history — and it is
our commitment to ensure that Canadians get the best value for their
hard-earned tax dollars. When an infrastructure project can generate
better value for money by being delivered through a P3, it should be
delivered as a P3."
Economic Action Plan 2013 builds on the Government of Canada's
investments and includes the $53-billion New Building Canada Plan to
build roads, bridges, subways, commuter rail, and other public
infrastructure in cooperation with provinces, territories, and
municipalities over 10 years, starting in 2014-15. Combined with other
federal infrastructure investments, the Government of Canada will
invest $70 billion in federal infrastructure funding over 10 years
across Canada — the largest federal investment in job-creating
infrastructure in Canadian history.
The Government of Canada will be using P3 financing arrangements to fund
the Detroit River International Crossing in Windsor and the new bridge
for the St. Lawrence to replace the existing Champlain Bridge in
Montreal. These projects will help strengthen the Canadian P3 market
and provide showcase projects that demonstrate the value of
For further information about Canada's Economic Action Plan, visit www.actionplan.gc.ca.
SOURCE: Transport Canada
For further information:
Senior Communications Advisor
Office of the Honourable Lisa Raitt
Minister of Transport, Ottawa
Transport Canada, Ottawa
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