TORONTO, March 21, 2013 /CNW/ - "Budget 2013 continues to balance fiscal
restraint with targeted areas of growth in the Canadian economy,"
according to John Moore, PwC Partner and Federal Practice Leader. "From
creating skilled jobs to supporting manufacturing sectors to building
core infrastructure, this year's budget provides clear direction on the
Government's investment priorities over the next five to ten years."
Moore continues, "Continued modernization of the public service is
evident in the Government's plans to reduce travel costs through the
use of advanced teleconferencing technologies, and to standardize
information technology systems across departments and agencies to avoid
redundancy and duplication."
Shamshad Madhok, Head of PwC's Federal Infrastructure and Project
Finance practice (IPF), added "The Government continues to recognize
the important role infrastructure will play in growing Canada's
economy. With $53 billion allocated over ten years to municipalities,
provinces, and territories, and additional $17 billion for First
Nations and federal infrastructure projects, this represents a
significant long-term commitment to Provincial-Territorial-Municipal
Infrastructure. The Government is not only increasing spending on
infrastructure, but it is also creating more flexible, innovative
Highlights of the new funding commitments include:
The Community Improvement Fund: $32.2 billion over ten years for
municipalities, in the form of annual, indexed payments.
The New Building Canada Fund: $14 billion over ten years for major
economic infrastructure, in the form of project grants.
The Renewed P3 Canada Fund: $1.25 billion over ten years in the form of
grants for projects delivered as Public Private Partnerships."
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