Earlier today in Oakville, Ontario, Justin Trudeau announced more of the Liberal Party of Canada’s plan to create jobs and growth. This part of the plan involves making historic new investments in infrastructure.
“Today’s announcement by Mr. Trudeau is great news for Canada. This investment will go a long way to address much of the ailing infrastructure that many municipalities throughout the country have been pleading to get assistance with. It will also be a big boost to the economy and job creation, at just the right time, as our economy continues to lag”, said Terry Sheehan Liberal candidate for Sault Ste. Marie and area. “The country needs an ambitious plan like this that puts Canadians’ future first.”
This plan, the largest new infrastructure investment in Canadian history includes:
• 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:
o Public transit infrastructure,
o Social infrastructure – including affordable housing and seniors facilities, early learning and child care, and cultural and recreational infrastructure,
o 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.
Sheehan goes on to say, “It is clear that the Conservatives plan has failed and Thomas Mulcair and the NDP have said they plan to balance the budget next year. With all of the challenges facing our economy, this is not the time for austerity. Mr. Mulcair and the NDP cannot balance the budget next year without making drastic cuts that will hurt Canadian families and have a negative impact on jobs and growth. It is time that the NDP are honest with Canadians about their plan; it will weaken the economy, not strengthen it. And with the recent employment numbers here in Sault Ste. Marie, with unemployment being twice as high as it was a year ago, the NDP plan is not the right plan for the Sault and area.”