SOURCE: Residential and Civil Construction Alliance of Ontario

RCCAO

June 03, 2015 12:29 ET

RCCAO Applauds 2015 Ontario Budget for Its Commitment to Infrastructure Investment

TORONTO, ON--(Marketwired - June 03, 2015) - Today the Ontario government passed the Budget tabled by Finance Minister Charles Sousa. The Residential and Civil Construction Alliance of Ontario applauds the Ontario Government for reaffirming its commitment to the 10-year infrastructure plan of $130 billion. The additional allocation of $31.5 billion over 10 years for transportation infrastructure under the Moving Ontario Forward program is also most welcome.

Investment in high-value infrastructure plays an important role in accommodating Ontario's future population growth. If Ontario is to remain economically competitive, strategic investments in roads, highways, bridges, transit, water and sewer systems and energy infrastructure are vital. In fact, research which RCCAO has commissioned demonstrates the link between infrastructure investment to our ongoing prosperity as measured by real GDP, job creation, wages and tax revenue.

"The government is faced with major fiscal pressures, so we are pleased by the recognition that infrastructure investments provide positive returns to our residents and businesses," said Andy Manahan, Executive Director of RCCAO. "Ontario has reiterated its commitment to a long-term infrastructure plan in Budget 2015."

Contact Information

  • For more information:
    Andy Manahan
    O 905-760-7777, ext 104
    M 416-904-7013
    manahan@rccao.com
    25 North Rivermede Road, Unit 13
    Vaughan, Ontario
    L4K 5V4
    Fax: 905-760-7718