Close X
Tuesday, November 5, 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

Rogers, Bell Tout 4K Television Offerings For Fans Of Live Sports

Rogers, Bell Tout 4K Television Offerings For Fans Of Live Sports
TORONTO — Two of Canada's largest telecommunications companies are touting a raft of live sports content for 4K TV owners scrounging for content.

Rogers, Bell Tout 4K Television Offerings For Fans Of Live Sports

NDP Must Articulate Its Social Democratic Vision To Canadians: Tom Mulcair

NDP Must Articulate Its Social Democratic Vision To Canadians: Tom Mulcair
During a speech at his party's caucus treat in Montebello, Que., Mulcair promised to ensure the NDP remains loyal to its leftist roots.

NDP Must Articulate Its Social Democratic Vision To Canadians: Tom Mulcair

Economy Follows Trudeau On Travels To Financial Forum In Switzerland

Economy Follows Trudeau On Travels To Financial Forum In Switzerland
Trudeau left Tuesday for Davos and the World Economic Forum, which brings together the world's most powerful and influential political and business leaders, celebrities and activists.

Economy Follows Trudeau On Travels To Financial Forum In Switzerland

Top Cop In B.C. Terror Case Concerned About Having Experienced Officers: Court

Emails read in court show Sgt. Bill Kalkat asked undercover officers how they planned to avoid potential legal issues months before John Nuttall and Amanda Korody were arrested for plotting to blow up the B.C. legislature in 2013.

Top Cop In B.C. Terror Case Concerned About Having Experienced Officers: Court

Moody's Adjusts Credit Outlook For Alberta To Negative; Rating Still At Triple-A

Moody's Adjusts Credit Outlook For Alberta To Negative; Rating Still At Triple-A
EDMONTON — Alberta's Finance Minister Joe Ceci says Alberta's core spending plan remains in place despite another blow Monday to the province's credit outlook.

Moody's Adjusts Credit Outlook For Alberta To Negative; Rating Still At Triple-A

Texas-Based Waste Connections To Take Over Progressive Waste Solutions

Texas-Based Waste Connections To Take Over Progressive Waste Solutions
The deal — a type of stock transaction known as a reverse takeover — will create a new Canadian corporate entity that's 70 per cent owned by shareholders of Waste Connections and 30 per cent by shareholders of Progressive Waste.

Texas-Based Waste Connections To Take Over Progressive Waste Solutions