OTTAWA, Nov. 3, 2016 /CNW/ - The Cement Association of Canada (CAC) applauds Finance Minister Bill Morneau's Fall Economic Statement for its tangible $81 billion commitment to infrastructure spending.
"With billions of additional dollars in infrastructure spending now firmly on the table, the Fall Economic Update attests to the government's commitment to supporting growth through economic stimulus and investments in critical infrastructure," said Michael McSweeney, President & Chief Executive Officer of the Cement Association of Canada. "We welcome the opportunity to collaborate in the development of criteria to govern these infrastructure investments so that the economic, social and environmental potential of Canada's infrastructure plan will be met."
The CAC took the opportunity to highlight the critical importance of infrastructure investments in boosting the competitiveness and growth of the private sector, both of which it says are critical to the continued economic recovery and job creation.
About the Cement Association of Canada
The Cement Association of Canada (CAC) is the voice of Canada's cement manufacturers. The industry provides a reliable, domestic supply of cement required to build Canada's communities and critical infrastructure. The CAC and its members are committed to the environmentally responsible manufacturing of cement and concrete products. CAC's members are: Ciment Québec Inc., Colacem Canada, CRH Canada Group, Essroc Italcementi Group, Federal White Cement Ltd., Lafarge Canada Inc., Lehigh Hanson Canada and St Marys Cement – A Votorantim Cimentos Company. The cement and concrete industry's contribution to the Canadian economy is estimated to be $82 billion in direct and indirect impact and 170,000 direct, indirect and induced jobs.
SOURCE Cement Association of Canada
For further information: Lyse Teasdale, Director of Communications, Cement Association of Canada, [email protected], (613) 236 9471 x 211