Trudeau commits to largest infrastructure investment in Canadian history
Liberals will strengthen the middle class, create jobs, and grow Canada’s economy by making historic new investments in infrastructure, announced the Leader of the Liberal Party of Canada, Justin Trudeau, today.
“The most important economic driver in Renfrew-Nipissing-Pembroke over the next decade is without a doubt – modernizing our aging infrastructure,” said Jeff Lehoux. “After 15 years of Mrs. Gallant, we have seen the removal of our railways, very little progress twinning Highway 17, no investment in the Pembroke Airport, and many areas lacking cellular service or reliable internet.”
“How can our riding develop and attract business without adequate access to these key drivers of economic activity? Poor development of critical infrastructure has hurt our competitiveness by raising the cost of doing business and creating unacceptable barriers to market access. Especially for our manufacturing and forestry sector,” Lehoux continued.
A Liberal government will make the largest new infrastructure investment in Canadian history. Our plan will:
- Nearly double federal infrastructure investment to almost $125 billion – from the current $65 billion – over the next decade, reaching an additional $9.5 billion by year ten;
- Make an immediate down payment to kick-start job creation and economic growth by doubling the current federal infrastructure investment in each of the next two fiscal years;
- Provide new, dedicated funding to provinces, territories, and municipalities for:
- Public transit infrastructure,
- Social infrastructure – including affordable housing and seniors facilities, early learning and child care, and cultural and recreational infrastructure,
- Green infrastructure – including local and wastewater facilities, climate resilient infrastructure, and clean energy;
- Increase the transparency of the New Building Canada Fund by providing clearer project criteria and faster approval processes that will now prioritize investments in roads, bridges, transportation, ports, and border gateways; and
- Help fund public infrastructure projects with the creation of a new Canada Infrastructure Bank.
Our local Liberal candidate, Jeff Lehoux, welcomed this announcement. “This is outstanding news for Renfrew-Nipissing-Pembroke,” said Lehoux. “Every dollar we spend on public infrastructure grows our economy, creates jobs, and strengthens our communities across the riding.”