Ontario plans to spend $30 billion on infrastructure over five years
May 13, 2005
By Canadian Consulting Engineer
In its budget delivered yesterday (May 12), the Ontario Government announced it will be spending $30 billion over t...
In its budget delivered yesterday (May 12), the Ontario Government announced it will be spending $30 billion over the next five years on an infastructure plan for roads, transit, hospitals, schools, colleges and universities.
It will also be helping to build 15,000 units of affordable housing.
Earlier this month the government also said it is creating a new provincial agency that will manage the implementation of major public infrastructure projects and with a focus on private financing and procurement. The Ontario Infrastructure Projects Corporation (OIPC) will be an independent agency reporting to the Minister of Public Infrastructure Renewal.