Major independent study supports ACEC stance

A recently released study from the TD Financial Group supports what the ACEC has been saying for years — that Canadian cities need major investments in infrastructure. The study, entitled “A Choice Between Investing in Canada’s Cities or Disinvesting in Canada’s Future,” says that Canadian cities are losing their luster because of massive neglect of the physical and social infrastructure.

The study calls the lack of funds for infrastructure a significant threat to the quality of life in Canadian cities. It concludes that federal and provincial governments must take action to fund a problem that is growing by $2 billion a year if they want to avoid the kind of decay that engulfed American cities 20 years ago. The infrastructure shortfall is estimated at $44 billion, of which $17 billion is under-investment in roads and highways.

This report will reinforce the ACEC position in its on-going representations for increased investments in infrastructure.

To read the TD report go to: www.td.com/economics