NEW YORK The Canadian
government has announced a plan that will invest Canadian $53
billion ($52.8 billion) in the countrys infrastructure,
marking "the largest and longest federal investment in
provincial, territorial and municipal infrastructure projects
in Canadian history," it said in a March 21 statement.
The infrastructure plan, called
Building Canada, will provide Canadian municipalities with C$32
billion ($31.3 billion) for such projects as roads, public
transit and recreational facilities and C$14 billion ($13.7
billion) for "major economic projects of national, regional and
local significance across the country."
Canadas Department of
Finance said in a statement that the plan "will ensure that
Canadas public infrastructure is world-class and a
contributor to job creation, economic growth and productivity
for years to come."
News of the planned investment
came just days after poor domestic infrastructure investment
and a general need for repairs earned the United States
public transportation infrastructure a D-plus grade from the
American Society of Civil Engineers (
amm.com, March 20).
The Canadian government also
unveiled a job-skills training plan, which would provide
C$15,000 ($14,657) or more per person to train employees, with
C$5,000 ($4,886) provided by the federal government and that
amount matched by the province or territory and the
Steel sources in Canada have
said that finding skilled labor has become increasingly
difficult, and that the job grant could help employers and
"Theres a tight market for
skilled (steel) people," said a rebar distributor in western
Canada. "We have to bring them from overseas right now.
Its tough to deal with."
The plan also includes C$1.4
billion ($1.37 billion) in tax relief for manufacturers and