SOURCE: Residential and Civil Construction Alliance of Ontario

RCCAO

April 16, 2015 17:13 ET

RCCAO Applauds Financing #Infrastructure Through Hydro One Partial Sale but Encourages Accelerated Implementation of HOT Lanes

TORONTO, ON--(Marketwired - April 16, 2015) - The Residential and Civil Construction Alliance of Ontario (RCCAO) welcomes the announcement from Ontario Premier Kathleen Wynne of the partial sale of Hydro One to finance desperately needed infrastructure such as transit ahead of next week's provincial budget.

Selling Crown assets to finance critical infrastructure was a recommendation made by former deputy minister Michael Fenn in a report he wrote for RCCAO in December. The report, "Unlocking Ontario's Advantages: Building New Infrastructure on the Foundation of Existing Public Assets," was intended to provide advice to both the Premier's Advisory Council on Government Assets being chaired by Ed Clark, and to the Ontario Government.

RCCAO executive director Andy Manahan commended the province for "moving forward on an issue which is long overdue: determining whether capital assets held or controlled by the province can be leveraged in order to provide better returns to taxpayers."

He added: "The Wynne government has taken a brave stance by unlocking the value of assets. While some of these legacy assets made sense being in government hands at one time, there is merit in assessing whether the value of these assets can be unlocked and redirected to infrastructure investment through the Trillium Trust and Moving Ontario Forward funds."

Premier Kathleen Wynne -- who reiterated her government's pledge Thursday to invest $130 billion in infrastructure over 10 years -- said that this was an important decision to make now to position Ontario to thrive long into the future.

Manahan was appointed to the Premier's Transit Panel in 2013. He stressed that the Panel's report "Making the Move" cited "hard truths" about funding transportation and recommended "sharing the cost" among different user groups. RCCAO supports the use of other revenue sources such as High Occupancy Toll lanes. HOT lanes will not only deliver revenues but also have an impact on congestion.

"Highway tolls encourage travel behaviour change," Manahan said.

Contact Information

  • Contact Information

    To arrange an interview with Andy Manahan or Michael Fenn, please contact:
    Aonghus Kealy
    Director of Communications
    RCCAO

    W: 905-760-7777, x. 111 
    C: 647-530-4855
    Email: kealy@rccao.com