Close X
Saturday, December 14, 2024
ADVT 
National

Infrastructure Spending To Be Distributed Based On Fairness, Says Minister Amarjeet Sohi

Darpan News Desk The Canadian Press, 12 Feb, 2016 11:37 AM
  • Infrastructure Spending To Be Distributed Based On Fairness, Says Minister Amarjeet Sohi
VANCOUVER — The federal infrastructure minister is pledging to disburse a "fair share" of new funding to every region of the country, even while some provincial economies flag and others project growth.
 
Amarjeet Sohi says his goal is to equitably divide billions in additional cash that the recently elected Liberal government has promised to infuse into the national economy.
 
The government has pledged $60 billion over the next decade on stimulus.
 
Sohi outlined the Liberals' broad plan to promote growth to the Vancouver Board of Trade on Thursday and later told reporters his department hasn't determined how the money will be allocated.
 
The minister wouldn't say whether the government is planning to help the hardest hit regions, like Alberta, Saskatchewan and Newfoundland and Labrador.
 
He also wouldn't say whether stronger economies in British Columbia and Ontario will get less.
 
"I can't tell you at this time how much are they going to receive," he said, adding that no province has been informed of its take of the new money ahead of the spring budget.
 
 
 
He would only say the plan will be designed "based on need" and the money would be spent strategically to make the economy more productive.
 
"It will vary from one project to another, but in the end we want to make sure every region gets their fair share."
 
Alberta's petroleum industry is losing billions each year and its government is preparing to rack up a $6.1-billion deficit. The fiscal pain has prompted Premier Rachel Notley's government to earmark $34 billion over the next five years for everything from roads to hospitals.
 
Meanwhile, B.C. is forecast to lead Canada's growth rate this year at 3.1 per cent and is on track to table its fourth consecutive budget surplus next week.
 
The Liberals' 10-year plan will divide spending between public transit, green projects and social infrastructure like affordable housing. The first two years will focus on refurbishing deteriorating infrastructure, but Sohi hinted some new infrastructure will get built too.
 
 
He refused to give specifics, but said some small funding announcements would be made on Friday.

MORE National ARTICLES

Actress Sarah Dunsworth The Final Crown Witness At Jian Ghomeshi's Sexual Trial

Actress Sarah Dunsworth The Final Crown Witness At Jian Ghomeshi's Sexual Trial
 "Trailer Park Boys" actress Sarah Dunsworth has been identified as the final Crown witness at Jian Ghomeshi's sexual assault trial.

Actress Sarah Dunsworth The Final Crown Witness At Jian Ghomeshi's Sexual Trial

Pride Flag Found Burned At UBC During Annual LGBTQ Celebration

Pride Flag Found Burned At UBC During Annual LGBTQ Celebration
the university condemned the incident as an act of hate that violated the school's deeply held values of equity, inclusion and respect.

Pride Flag Found Burned At UBC During Annual LGBTQ Celebration

Manufacturing's Rebound Faces 'Significant' Structural Hurdles: Federal Memo

Manufacturing's Rebound Faces 'Significant' Structural Hurdles: Federal Memo
In a recent memo addressed to Economic Development Minister Navdeep Bains, advisers point to industry hurdles that include low productivity, poor innovation, a failure to scale up and weak participation in global value chains.

Manufacturing's Rebound Faces 'Significant' Structural Hurdles: Federal Memo

Manitoba Changes How It Counts Kids In Care To Exclude Cases Like Tina Fontaine

WINNIPEG — Manitoba is changing how it counts the number of children in its care to exclude hundreds of cases such as Tina Fontaine's amid concerns it is being unfairly compared to other provinces.

Manitoba Changes How It Counts Kids In Care To Exclude Cases Like Tina Fontaine

CPP Fund Delivers 4.5% Return On Investments In Quarter Ended Dec. 31

CPP Fund Delivers 4.5% Return On Investments In Quarter Ended Dec. 31
The CPP Investment Board says the funds it manages for the Canada Pension Plan delivered a 4.5 per cent return, after costs, in the final three months of 2015.

CPP Fund Delivers 4.5% Return On Investments In Quarter Ended Dec. 31

Taxi Drivers In Montreal Protest Against Uber By Blockading Airport

Taxi Drivers In Montreal Protest Against Uber By Blockading Airport
A statement by the taxi industry said 800 cab drivers and owners were headed to Pierre Elliott Trudeau International Airport.

Taxi Drivers In Montreal Protest Against Uber By Blockading Airport